| Author (Person) | Johnson, Miles |
|---|---|
| Series Title | Financial Times |
| Series Details | 19.7.11 |
| Publication Date | 19/07/2011 |
| Content Type | News |
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As Spain’s borrowing costs surged on the 18 July 2011 to the highest level since abandoning the peseta, the mood of the Spanish political class was one of trepidation as the market storm gathered over Europe’s southern periphery of Greece, Portugal, Italy and Spain. After over a year of deep budget cuts and economic reforms intended to reassure international investors, it was now felt that it was the Eurozone failure to deal effectively with the overall debt crisis that was hurting Spain, although further austerity measures in Spain itself were being considered. |
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| Countries / Regions | Spain |
