Spain reintroduced checks at the border with France ahead of the
meeting, temporarily suspending the Schengen agreement. So far reports say 17
arrests have been made at the border and 43 people denied entrance because of
previous police records involving "violent protest". Authorities want to avoid
clashes staged by "anticapitalist" protestors who may travel from abroad for the
event. However, students from Barcelona University are staging a
"strike" today and have taken to the streets to protest education cuts announced
by Mariano Rajoy's conservative government last month. Streets have been blocked
by the demo in the centre of the city. Some 8,000 police are on the
streets of Barcelona during the ECB meeting to prevent trouble. Snipers visible
on rooftops, armoured vehicles and riot police at the ready and helicopters
flying overhead. The sunny city is on lockdown with some twitter uses dubbing
the Catalan capital "carcelona" - carcel means prison in Spanish. No signs of
any trouble as yet.... Mr Draghi's predecessor,
Jean-Claude Trichet (below) has told German TV that Europe is
"only halfway" through the crisis. In an interview with he said: Hard work
has been done, but we are only halfway, and a lot still has to be done [...] As
the leader of the Governing Council which has taken all those difficult
decisions, yes they are doing a very good job... Mario Draghi will tonight hold
a private meeting with Prime Minister Mariano Rajoy in which the Spanish leader
is expected to ask for affirmation that the ECB can be relied on to provide
liquidity boosts for Spain’s ailing banks. Mr Draghi’s had some positive things
to say about Spain. In the press conference he recognised that Spain had
“carried out significant reforms in a short time” though insisted that
“perseverance was needed to push through more structural reforms” especially in
the banking sector. ... The online edition of Spain’s financial newspaper
Expansion chose to highlight his comments on further reforms. “Draghi calls for
more forceful measures: ‘If you have a problem with the banks, confront it’”
said the headline. Overall the paper said there were no surprises in decisions
taken during by the ECB governing council.
2 comments:
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