Another year under the magnifying glass for the Spanish debt, which will remain at risk of downgrading even if Madrid were to manage to dribble the request for help from the ECB, according to the lines of the extraordinary "OMT" program set up by Mario Draghi last summer .
This was stated by the Fitch rating agency, which under the word of the head of sovereign ratings, David Riley, underlined the fragility of the Spanish situation: reducing the deficit represents a onerous task for a country weighed down by the recapitalization of the banks, but above all by a real economy struggling to recover.
The trend of the latter raises concern: if the current trend were to continue, i.e. if Madrid's GDP contracted again in 2013 by another 1,5-2% of the economy, unemployment could reach 30% and the path financial consolidation would be threatened.
"These would be dark times - Riley reported - these are the decisive elements, even if in this scenario Spain still manages to finance itself and avoid the specter of the WTO".
