The Rain in Spain
Thursday, May 6th, 2010Even as the first Greek act in the developing euro-crisis plays on – now with fatalities, as three people die during violent demonstrations in Athens – the focus of public attention is starting to shift to a feared second act in other countries with similarly weak finances, like Portugal or Spain. With that come calming assurances from high EU officials, like EU Council President Herman van Rompuy (remember him?) who characterized any such fears of financial contagion as “irrational.” Going to the horse’s mouth, though – so to speak – we find them to be anything but, as we can see from an article by Luis Doncel (Spanish risk runs rampant) in the mainstream Spanish paper El País. (The hat-tip for discovering this article goes to Eurointelligence – in English, of course – whose piece itself offers a potpourri of interesting current news items on the Greek crisis.) (more…)
