Wednesday, May 23, 2012
Pluto in the 8th house of debt has progressed to square natal Moon, equaling domestic upheaval with a powerful need to heal the country's financial dilemma. Spanish banks' bad loans have hit their highest level since 1994 at 147.968 billion euros.
Sixteen Spanish banks had their ratings downgraded last week, with a three-notch downgrade for the three major Spanish lenders: Santander, CaixaBank and BBVA. With this in mind and the 8th house active (it also rules the banking industry), the sextile of Pluto to 10th house natal
Neptune suggests the method of healing to be the
sacrifice of banks with high levels of toxic assets on their books.
Venus, co-ruler of the 8th house has progressed to conjoin Mercury, co-ruler of the 8th house in the 10th house of honor. An announcement will be forthcoming in connection with the country's debt and with its currency.
The New Moon Solar Eclipse of May 20, 2012, fell into the 4th house, highlighting crisis at home base...within 45* of natal 2nd house (wealth of the nation) Jupiter, planet of default.