The Spanish PM gives himself a big wrap for the bailout - El Pais. He then scores an own goal by annoucing that he is off to watch the football at Euro 2012 now that the issues are "resolved" – European politicians are an interesting species.
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Chinese Data Show Economic Strength
BEIJING—China's exports and imports both rose sharply in May, while inflation slowed substantially, hopeful signs for the world's second-largest economy.
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Playing Until the Germans Lose Their Nerve For Germany, being part of the European Union has always included an element of blackmail. France has been playing this card from the beginning, but now the Spanish and the Greeks have mastered the game. They're banking on Berlin losing its nerve.
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