- OMT plan eased pressure on markets
- Spain still suffering restrictive funding conditions
- Spain must reduce dependency on foreign funding
- Spain economy in ‘delicate’ situation
- Outlook for coming quarters not favourable in Spain
- Budget cuts are essential
- Spanish economic recovery depends on reforms
- Competitiveness, public finances are key for Spain
- Revenue forecasts should be prudent
- Can’t rule out slippage on budget this year
- Possible slippage can be offset with other cs (that’ll go down well)
- Budget target depends on measures working as expected
Bloomberg reporting.
