Seeking Alpha

Critics suggest that a new independent fiscal authority being formed in Spain will be far from...

Critics suggest that a new independent fiscal authority being formed in Spain will be far from independent thanks to the rules governing the appointment of the body's president. The country agreed to create a watchdog to monitor public finances as part of the €100B bank bailout it received last year. FT says draft legislation for the monitoring body shows the president's three-year terms are renewable at the discretion of the very people the watchdog is supposed to be monitoring, namely the government and the finance minister.
Comments (3)
  • wyostocks
    , contributor
    Comments (8852) | Send Message
     
    Why in hell does anyone take this charade seriously?
    14 Jul 2013, 01:11 PM Reply Like
  • squire PB
    , contributor
    Comments (48) | Send Message
     
    OMG I am shocked ...the shell game continues
    ...where will you be when it ends badly ?
    Tasmania comes to mind !
    14 Jul 2013, 05:45 PM Reply Like
  • justaminute
    , contributor
    Comments (1003) | Send Message
     
    The inmates continue to run the asylum.
    14 Jul 2013, 02:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs