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In the end, the tremendous market instability experienced in August, when Spain's risk premium shot up to 400 basis points, convinced the Socialist that he had to send out a powerful message about the country's commitment to financial solvency. (Emphasis added.)

So, in search of financial solvency they commit financial suicide by strangulation. Please tell me that Zapatero is not from La Mancha.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Aug 29th, 2011 at 04:23:24 PM EST
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