It's day 2 of the eurobod meetings Schaeuble is on the case
He notes that Spanish economic data is promising and that's notably one step down from saying the actual economy is improving, but that might just be a translation thing
He also notes that the Greek econ minister said that their economic development is encouraging also. Take that with as large a pinch of salt as you can carry ;-)
Spain's Luis De Guindos was out with some budget comments saying that they will "converge" towards 4.2% budget deficit target. That means miss in my book. The IMF will be publishing there Spanish deficit projections tomorrow he adds.
Yesterday EU's Moscovici said that Spain was at risk from missing budget targets. As history has shown us, targets mean diddly squat in Europe
