Tuesday, January 03, 2012

Olli's back from his Xmas hols, let the 2012 slapstick begin!

To start the New Year's fun, Olli is surprised by the "slippage" (apt phrase) in Spain, read here. A quote indicating the EU Commissioner must have spent all last year asleep on his job if he managed to be surprised by the mess in Spain:

The Commission will carry out a detailed assessment of the larger-than-expected slippage and the budgetary impact of the new package once we have received all the details.

Overall this set of measures gives a much needed signal to underline the new government's determination to bring back the correction of the excessive deficit to the envisaged path within the deadline of 2013.

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