- Market pressure remains insistent
- Markets show doubts remain over Europe
- Markets show doubts remain over Spanish recovery
- Must respond to markets with policies in Spain, Europe
- We must get rid of doubts over euro
- Europe needs banking, fiscal, political union
- ECB should respond with all ‘firmness’ to markets (don’t hold ya breath)
- Spain must cut deficit ‘as soon as possible’
- Lending should go to companies, not government
- Aim to cut budget without aggravating recession (and for my next trick I’m gonna pull a bloody big rabbit out of this here hat)
EUR/USD wallows down around 1.2632. Hedge funds been selling again in recent trade. Persistent buggers ain’t they…..
