Mariano Rajoy, the Spanish conservative leader expected to win a general election on Sunday, has pleaded with financial markets to grant new governments âmore than half an hourâ in which to turn around their economies.
On his last day of campaigning, Mr Rajoy was commenting on continued turmoil in eurozone sovereign bond markets following this weekâs increase in borrowing costs for Spain and Italy to critical levels and the forced departure of the elected leaders of both Italy and Greece.
âI hope this stops,â Mr Rajoy said in an Onda Cero radio interview, urging markets to ârealise that there are elections and that the winners must be given a little room for manoeuvre that should last more than half an hourâ.
http://www.ft.com/intl/cms/s/0/53781e84-11fc-11e1-a114-00144feabdc0.html#axzz1dW1SCanw
Mr. Rajoy is right. "Markets" are behaving like "half an hour" is enough to solve debts of sovereign countries. Markets are not markets anymore. They are ridicuolous.
On his last day of campaigning, Mr Rajoy was commenting on continued turmoil in eurozone sovereign bond markets following this weekâs increase in borrowing costs for Spain and Italy to critical levels and the forced departure of the elected leaders of both Italy and Greece.
âI hope this stops,â Mr Rajoy said in an Onda Cero radio interview, urging markets to ârealise that there are elections and that the winners must be given a little room for manoeuvre that should last more than half an hourâ.
http://www.ft.com/intl/cms/s/0/53781e84-11fc-11e1-a114-00144feabdc0.html#axzz1dW1SCanw
Mr. Rajoy is right. "Markets" are behaving like "half an hour" is enough to solve debts of sovereign countries. Markets are not markets anymore. They are ridicuolous.
