Zapatero has never been pessimistic. Not even when the threat of a bailout flipped his political policy 180 degrees. Yesterday, in his last session controlling the Government, his tone was per usual as he spoke of a "slow recovery," which in reality is a sly euphemism for a stagnant Q3, the death of 2011 GDP predictions and the near-impossibel goal of meeting budget goals.
He admitted, hesitantly, that doubts about Greece could change Spain's projected growth calculations, but that they are still around 1.3%.
In reality, our economy is growing at a rate of 0.8% per year, and the public deficit equals 6.2%, two tenths of a point away from what we promised the EU we would get to.
