Sunday, August 5, 2012
What can change in two months? Apparently everything!
It wasn't that long ago that the Prime Minister of Spain, Mr. Rajoy himself, came out and said that Spain runs the risk of being shut out of financial markets. However, today we have Spain's Minister of the Economy saying that the country has time to wait for clarity on EU aid. He believes that the administration has done enough so that no further adjustments will be needed. I would like Guindos to be right, so that we can move on from this endless European debt saga, but I'm not holding my breath.