Frightening that policymakers don't seem to recognize it, but Spain finds itself in the same...

|By:, SA News Editor

Frightening that policymakers don't seem to recognize it, but Spain finds itself in the same dynamic as Greece where more austerity - by squeezing the economy - actually worsens the country's fiscal position, which just draws calls for even greater austerity. Talk about a negative feedback loop. Earlier, the IMF put on paper what everybody already knew - Spain will miss its budget targets for the next 2 years.