Wednesday, 11 April 2012

Spanish woes continue

When the European Commission and the Spanish government declare that Spain will not require a bailout, the likelihood is that the opposite is the case.  The financial markets certainly do not believe the fine words.
Excellent summary.

For a contrary opinion see:

More on the debt front and the ECB.  Not pretty.,1518,827099,00.html
The return of the Spanish Flu!

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