Monday, October 25, 2010


The Basque Government inverted 350 million in a lower interest than in July. This is going to give them more time to get enough money.

Institutional inverstors have created this investment. Mainly savings banks, investment of funds and pensions.

It seems that the market is suffering a financial normalization. Especially there has been an improvement in the credibility of the solvency of Spain. It seems that Zapatero's cost cuts are having results.

It follows that the debt will increase in the rest of the year and in 2011 too.

They are doing a lot of things but the crisis will not disappear now.