French President Nicolas Sarkozy has this morning renewed his negative comments about the state of the Spanish economy. Fresh from yesterday’s attack on the socialist policies which brought Spain to its knees, Sarkozy this morning said on French Radio: “Do you think the French people want to follow the fortunes of Greece and Spain?”
The comments, although hardly extensive, have hit the headlines in the Spanish media once again. Yesterday’s comments were easily played down by Spain’s Economy Minister Luis de Guindos, as part of an electoral campaign to warn of the dangers of socialism. However, renewing the attack in less than 24 hours is starting to look like the French premier is talking the Spanish economy down – something which Spain’s Government are desperate to avoid as the market views their economy with suspicion.
If yesterday’s comments were unhelpful, then today’s will be downright irritating to Prime Minister Mariano Rajoy and his colleagues, as they try desperately to restore market confidence in their reforms and economic policies.