Guess misery loves company…
- Not pressured by anybody over a bailout request
- Important to understand that ECB bond-buying plan is already ready to be activated
- Nominal deficit targets may have to change if updated economic forecast in November shows recession deepening
- Implication for 2013 budget of new economic forecast will be looked at in November
- Spain’s decision on seeking a bailout will not depend on rating agency moves
- There is “absolutely” no political resistance from any country to a potential Spanish bailout request
Reuters reporting.