- ECB knows what problem of euro is, will act (sometimes I find myself just smiling)
- Draghi comments on spreads were important
- Details of how intervention would work unclear
- Full 100 bln of Spain’s bank bailout won’t be used
- VAT increase will boost revenues
- Gasoline prices take time to reflect oil decline
- Government concerned about fuel prices (me too)
- Capital flight due to banks not rolling over funding
- Government is committed to deficit target
- Deficit target is NO1 priority for Spanish government
- Catalonia has taken tough deficit measures
- FROB to announce Bankia capital injection within hours
Bloomberg reporting.
