Davos (Switzerland) (AFP) - Bank of Japan Governor Haruhiko Kuroda on Saturday urged a Davos panel not to succumb to pessimism over the state of the world economy, as he welcomed the "big decision" by the ECB to embark on a huge bond-buying spree.
France has encouraged Spain to apply for aid as soon as possible. In Germany, Wolfgang Schäuble wants anything but a timely application.
Note that unless a country requests a bailout, and agrees to terms set by the IMF (something Spain does not want to do), the entire OMT plan of Draghi is useless.
Finally, at the latest EU finance meeting on Saturday, battles between eurozone and non-eurozone countries erupted over the banking union.
Athens (AFP) - Greece and its international creditors will begin talks on a new international bailout worth up to 86 billion euros ($94 billion) for the crisis-hit country next week, a Greek government source said Saturday.
George Orlwell coined the term doublethink in his classic book 1984. Doublethink is the power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them.
Have you listened to the conflicted beliefs coming from Spain lately?