- Interest rate of 3-4% is ‘reasonable’
- EU loan shouldn’t affect deficit
- Spain shouldn’t use 100 bln if things done correctly
- Will be difficult for Spain to meet deficit goal
- Italy’s reforms have calmed nmarkets
- Eurostat decides how bailouinterest affects deficit
- EU loans get ‘special treatment’ in budget accounting (wink wink nudge nudge)
Bloomberg reporting.
