Spain - the Weakest Link - A Redux

This is slightly puzzling! Spain deficit is 9-10% of GDP. The EU has rapped Germany, Italy and France for going up to 4 - 5%. I have heard or read nothing in connection with Spain being censored for having such a high deficit.

The article is talking about the trade deficit (the surplus of imports over exports), the Stability and Growth Pact applies to the government spending deficit only.

Spain demonstrates how to reflate the bubble with taxpayer’s money. I hope Bertie’s not watching.

Spain’s Rental Housing Plan Will Help Young People, Solbes Says

It’s brilliant politics when a direct payment to landlords is sold as “helping renters”.

Excellent. Higher rents on the way in Spain. :unamused: