Euro Crisis: Spain gets with the programme

Banking stress tests, a raiding of the pension reserve fund, cuts in public sector wages and a prime minister accused of drinking too much. This week in Spain had a familiar look to it. The end result is also likely to be the same, with the troika calling the shots despite widespread criticism of austerity.

Yet if Spanish prime minister Mariano Rajoy is troubled by the unfolding scenario, he is not showing it. ...