Germany Losing Patience With Spain as EU Warns on Crisis Effort

Germany’s governing coalition showed growing exasperation with Spain, as a senior ally of Chancellor Angela Merkel said Prime Minister Mariano Rajoy must stop prevaricating and decide whether Spain needs a full rescue.

“He must spell out what the situation is,” Michael Meister, the chief whip and finance spokesman for Merkel’s Christian Democratic Union, said in an interview in Berlin today. The fact he’s not doing so shows “Rajoy evidently has a communications problem. If he needs help he must say so.”

[link to www.bloomberg.com]

Spain braced for further austerity as Madrid prepares for bailout

[link to www.topix.com]

Spain likely to overshoot crucial deficit goal: analysts

[link to www.globaltimes.cn]

Last Edited by waht on 09/24/2012 08:17 AM