A Spainer in the works - err sorry.

[James1:12]

http://www.telegraph.co.uk/finance/fina ... -pact.html

[quoteBut behind the scenes, Spain had hijacked the meeting. In a tersely-worded statement, the eurogroup announced they had agreed to relax Spain's deficit target for 2012 - from 4.4pc set by Brussels last year to 5.3pc.

Spain had won some unscheduled breathing space. But what really angered Juncker was that in winning the concession, Madrid had stirred a radical retaliation of "sinner states" against the northern pusche for austerity and central control.
][/quote]