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Spain Believes Dijsselbloem
As Spanish stocks, led by banking shares, stay in the red for the third consecutive day after Cyprus secured a European Union bailout, it’s clear that a certain Dutch Finance minister has made his mark on the mind of Iberian investors. Eurogroup President Jeroen Dijsselbloem Monday said measures like the levy agreed on big depositors in Cyprus may be one way to go forward to fix future banking crises in the euro zone. Other EU officials have been correcting him since, to little avail—Spain’s Prime Minister Mariano Rajoy and French President Francois Hollande did it late Tuesday; then, an internal document ... (full story)
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