Tuesday, May 18, 2010


Nice to know that Jose Maria Aznar, who presided over Spain's entry into the Euro and the golden years of its housing boom, has understood everything that Spain did wrong.

And of course the answer to everything is the same as it was before the crisis: 'Spain, like Greece, must meet its financial commitments by implementing sharp cuts in public spending and a complete structural reform package'.

With this kind of leadership, it's no wonder EMU has turned into a nightmare.