The bold and the coherent

  • Spanish Fin Min calls Spanish fiscal policy bold and coherent
  • Spain is scrupulously complying with its memorandum of understanding (MOU)
  • Spanish GDP to fall 1.5% this year
  • Budget deficit will be cut 2.5 percentage points
  • Spanish forecasts not written in stone (cripes, they’re barely written in ink…)

De Guindos is speaking to the European Parliament.

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