Algunos vaticinan que estamos viviendo una semana crucial para el futuro de la Eurozona. Unos días en los que se decidirá cómo y de qué manera se financia sin coste el EFSF, que a su vez debe apagar los fuegos de una periferia absolutamente en llamas y propagante. Además, y ligada a esa búsqueda de la cuadratura del círculo, parece que se va a cuantificar el default griego, al menos este primero.
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Much is being written about the constitutional reform that is supposedly intended to limit Spain’s public deficit in the coming years. We are all seeing daily statements denouncing that we have been sold out to the markets, that the Constitution has been amended under cover of darkness and with malicious intent, that it is unacceptable for the welfare state to be subordinated to the dictates of the markets, and so on. I would like to draw particular attention to the article published on 1 September in 
It appeared a few days ago 
Haven’t you ever wondered why sovereign debt in the European periphery is under greater strain and why its risk premium is rising faster than that of countries that are just as indebted – or even more so – such as Japan or the US? Why is there so much speculation surrounding the sovereign debt of the PIIGS? Why are these PIIGS economies hurtling towards default or inevitable restructuring, whilst other heavily indebted countries manage to keep the risk premium demanded by the markets at bay?