Den spanske regjering skal være sjokkert over at ingenting fungerer: sist uke vedtok parlamentet en rekordstor nedskjæring på 65 milliarder euro. Men det gjør ikke inntrykk.

Renten på ti års statsobligasjoner nådde 7,5 %, et uutholdelig høyt nivå.

Regeringen skal være bitter og skuffet på EU og EUs ledende nasjoner for tafatthet og manglende initiativ. Spania føler at alt driver, og selv er landets økonomi på vei mot stupet. For å avverge dte er Spania villig til å prøve alt, også en utmelding av euroen.

The Spanish newspaper El Confidencial reported sources close to premier Mariano Rajoy complaining bitterly that the crisis engulfing Spain was a “failure of the whole European Project and the incompetence of its leaders”.
There is deep shock in government circles that the €65bn austerity package passed by the Spanish parliament last week amid bitter protests across the country – and imposed by the EU – has failed to make any difference.
El Confidencial said the Rajoy team was thinking of “putting on the table” a possible withdrawal from the euro, a dramatic escalation in the game of brinkmanship between the eurozone’s Latin bloc and German-led creditor core.
“We would have our own currency again and restore competitiveness. It would have some disastrous consequences at first, but we would regain control over our own policies and we would escape from the crisis sooner,” a government source reportedly said.

Eurozone danger mounts as Spain spins out of control
Spain is battling to avert a fully-fledged sovereign rescue after borrowing costs spiralled out of control, with dangerous knock-on effects in Italy and Eastern Europe.