ECB's Gonzalez-Paramo says Spain could communicate better | Reuters: "Spain's government could communicate better to markets its plans for reforms, European Central Bank Executive Board Member Jose Manuel Gonzalez-Paramo said on Friday in an interview with Intereconomia television channel.
Spain's borrowing prices have risen on contagion from the debt crisis in Ireland, on fears its high deficit could drive it into its own financial difficulties.
The government has pledged austerity as well as pension reform to cut its deficit. But Gonzalez-Paramo said there have been mixed messages about some reforms."
Make no mistake about it awakening is a destructive process.
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*Make no mistake about it awakening is a destructive process. It has
nothing to do with becoming better or happier. Awakening is the crumbling
away of unt...
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