Reuters is running an interview with Spain’s Labor minister in which the minister confidently predicts that Spain will avoid the rancor seem in Greece and Ireland over pension reform.
Spain expects to add 40-50,000 new jobs in the second half of 2011, mainly in export-driven industries, he says.
EUR/USD has bounced back into the 1.34-teens after reports of Mid-East buying in the 1.3370s and 80s. Offers are eyed in the 1.3420/25 area. Stops fro short-term specs are seen above 1.3430.
