• All levels of govt commited to deficit reduction
  • Not reasonable to expect solution to problems in just a few weeks (c’mon who ever said life was fair)

Meanwhile comments from senior official

  • Some Spanish regions may reguire govt intervention
  • Intervention in regions seeks to meet budget targets
  • Spain could intervene in overspending regions by May

They better get the regions in line pretty darn quick is all I’m sayin.

EUR/USD sits at 1.3020, to the very pip where it was when I arrived this morning

:(

CACK!!