tag:blogger.com,1999:blog-36227136.post790991057347764140..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Spain back under the spotlight soon?OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36227136.post-70637186219699658432013-01-22T20:36:28.500+00:002013-01-22T20:36:28.500+00:00To me, the worst aspect of this is not Spain missi...To me, the worst aspect of this is not Spain missing its end of year deficit target, but the fact that it revised the target so many times during the year.<br /><br />The original goal for 2012 was 4.4%, but in March, Rajoy announced that it would now be 5.8%. that number was subsequently adjust upwards to 6%, then 6.3%.<br /><br />Then the half year actual deficit was announced as 4.77%, meaning that it would have to drop sharply in the second half of the year to reach a 6.3% annual rate.<br /><br />What this says to me is that not only does Spain miss its targets, but it has difficulty in establishing what the targets should be.<br /><br />That in turn makes the 2013 target of 4.5% into anyone's guess.jon liveseynoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-64185935497635049882013-01-22T15:23:11.104+00:002013-01-22T15:23:11.104+00:00You didnot mention the corruption scandal.
Proble...You didnot mention the corruption scandal. <br />Problem being that the people in the South might be used to it, but the people in the North are not. Transferring money becomes this way more and more difficult to get approved up North.Riknoreply@blogger.com