Spain Plays Chicken With Europe

摘要

Is Mariano Rajoy a shrewd negotiator, or a hapless gambler? That's the question as Europe waits-and waits-for Spain's prime minister to say whether he'll accept a bailout for his country's crippled economy. When European Central Bank President Mario Draghi offered on Sept. 6 to buy unlimited amounts of Spanish government debt in exchange for austerity and economic reforms, Rajoy said he needed time to study the proposal.