Posts
ANALYSIS
Spain's PM Mariano Rajoy apparently needs to more closely follow neighboring Portugal's path to restore market confidence and avoid an international bailout.
In Lisboa...PM Passos Coelho took a tough uncomplaining route and kept the TROIKA content...while Rajoy delivered a defiant mixed message...and then procrastinated...until the last minute.
The markets continue to punish Spain...as its 10-year bond hovers around the untenable 7% level.
