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.
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?
Japan's Nikkei has been on a surge in recent months, and there are even signs now that consumer confidence is starting to spike. This is all because the new administration has promised to get the Bank of Japan using aggressive monetary policy to stimulate the economy. So the crucial decision that Prime Minister Shinzo Abe must take is: Choosing the next leader of the Bank of Japan.
FOR almost eight years Jean-Claude Trichet has been the public face of the euro and a reassuring presence to steady nerves during the financial crisis of 2007-09 and the euro area’s sovereign-debt tribulations over the past year. But the French president of the European Central Bank (ECB) will step down at the end of October. A behind-the-scenes struggle between the 17 euro-area states over who will succeed him in the world’s second most important central-banking job burst into the open this week as the German front-runner ruled himself out as a candidate in surreal fashion.