Thursday, 27 September 2012

'Spain scare roils Europe markets': new media 'attack' on Spain

MADRID Just as the emergency budget for 2013 is getting approved in parliament, both the Wall Street Journal and the Financial Times headline the recent demos, still going on last night and a good part of today. The budget is expected to be one of the most austere ever, with swingeing cutbacks and reductions and pay freezes. Among other things Prime Minister Mariano Rajoy is blamed for his government's indecision in asking for a bailout. The BBC's Today programme this morning also dealt with the subject, as do many British and other European newspapers. In the meantime, some of the Spanish media are wallowing in 'poor mes'. Watch this space for a view on the new budget and other economic news.

No comments: