Future Spanish prime minister begs markets for more than half an our to turn around

Discussion in 'Wall St. News' started by ASusilovic, Nov 18, 2011.

  1. Mariano Rajoy, the Spanish conservative leader expected to win a general election on Sunday, has pleaded with financial markets to grant new governments “more than half an hour” 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 week’s increase in borrowing costs for Spain and Italy to critical levels and the forced departure of the elected leaders of both Italy and Greece.

    “I hope this stops,” Mr Rajoy said in an Onda Cero radio interview, urging markets to “realise that there are elections and that the winners must be given a little room for manoeuvre that should last more than half an hour”.


    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.
  2. Congress won't be in session till the 13th of December...

    Then you have Xtmas (till the 7th in Spain)...

    Plus cutting everything doesn't seem to have worked anywhere else...

    I should have stayed in Asia :eek:
  3. lol...just stupid
  4. no point in extra 30 min.

    default and be done with it
  5. I feel badly for Spain. Idiot.
  6. So, they've been overspending like jackasses for decades... and now when the bond vigilantes hold their feet to the fire, they want "consideration.. and time"?

  7. welcome to the 99 percent algo driven no liquidity market providers.

    govt and exchange and central bank endorsed.

    now the volumes have dried up and the markets are wanging around they dont like it.
  8. achilles28


    Exactly. Nobody will take a bullet for Spain. They already put two in their head.
  9. 9999


    Of course.
    The concept of "responsibility" is pretty much alien to most of Europe at this point.
  10. #10     Nov 19, 2011