‘The economic figures in Spain have deteriorated. Rato proposes reforms, and hopes that the government approves a package of economic measures soon’ says Paola Pecora.

It certainly comes as no surprise to The Fleet Street Letter that Labour are placed third in the local elections. Less than 25% of the vote for Labour, with Cameron’s mob pushing up in the 40’s and the Lib Dem’s pipping them at the post for second place.