Germany supports the Government and believes that the 29th March should not stop it
"Investors are gradually concluding that Spain is not on the verge of a soft recession but a real crash" notes Simon Tilford, chief economist of the CER. "Spain is being asked to do the impossible, something no other comparable country has ever managed. Neither Ireland nor Latvia is a model for Spain, warns Tilford. What might possibly work for such small economies will not work in a country of the size of Spain."