Swiss Economicblogs.org
Summary: Spain and Portugal need to make some relatively small budget adjustments or will be denied some transfer payments. Spain’s political situation is fluid, but another window of opportunity to break the logjam is at hand. The euro seems immune to these fiscal developments; some retracement objectives are in sight. The eurozone finance ministers have accepted the EC’s recommendation that Spain and...
Read More »No Fines for Iberia, but Remedial Action Demanded and Possible Loss of Some ESI Funds
