The European financial markets are not convinced that Spain and Italy have put their fiscal houses in order, and are now dumping Spanish and Italian bonds. Spanish Prime Minister Mariano Rajoy said that European political leaders should be more “prudent” in what they say in public about Spain’s financial situation. Mr. Rajoy did not specify the targets of his displeasure, but it is widely suspected that he referred to President Nicolas Sarkozy of France and Prime Minister Mario Monti of Italy, both of whom criticized Spain in recent comments.
In other news, a Swiss magazine is being sued for racism after it showed a little Roma boy carrying a gun on its cover. The offending issue featured an article about gipsy criminal gangs.
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