This is the scheduled press conference
- At this moment very difficult for Spain to refinance its debt
- Spain must be able to fund itself at a reasonable level
- Need to solve liquidity problems
- Up to Spain to address deficit, reforms
- Interet rates rising at spectacular pace
- We lose credibility if we don’t cut the deficit
- Must try to spend in line with income
So far doesn’t sound like a man preparing to ask for a bailout anytime soon. EUR/USD slipping back, presently at 1.2262.
- Has not abandoned the issue of regional finances
- Europe must keep working to help solve liquidity, debt spread problems
- Has sent letter to European leaders asking for debate and speed on reform work
- June EU summit accords must be implemented
- Wants banking union approved at December summit
- Govt knows what it has to do
Yada, yada, yada……..that’s enough of all that.
The weekend starts here. Cheerio y’all
