Today most Spanish news outlets seem to be getting their knickers in a knot over the new rate hike.

I seldom follow or read or are aware at all of Spanish news, so I decided to update myself with new data before posting some incendiary note about how fucking retarded everybody is in this country, with their overwhelming majority of variable rate house loans, which caused hundreds of thousand to lose "their" homes during the last bubble bust.

And it seems that yes, 40% are still retarded and deserve what's coming to them. But it's so much better than I thought, to be honest.