Spanish steps may not avert financial crash
The debts of regional governments may defeat Madrid's efforts to avoid a bailout, writes Joe Haslam.
Spanish newspapers El Pais, El Mundo and La Vanguardia are traditionally measured in their criticism of a serving prime minister. Last Sunday, however, the gloves came off. Through his inaction since winning the general election in November, the papers reported, Mariano Rajoy was the person primarily responsible for the looming inability of Spain to finance itself and the person least capable of leading a recovery.
Stronger and perhaps even personal were online newspapers ...
