Spanish politics: finally a budget for 2012

Yesterday the central government in Madrid revealed its budget plans for this year. It's sad to see that they will virtually give up on development aid to the world's poorest. The Wall Street Journal reports extensively here; it seems that it is still way to early to know if Spain will overcome its by now already 5-year-old crisis - or if it will need an official rescue like that of Ireland and Greece.

update 03.04.2012: the WSJ offers an interview with Spain's finance minister here.