Valencian president Alberto Fabra needed five months and a near default to convince himself that the profligate and bankrupt government that he inherited from Camps is not sustainable with prudish cutbacks that would hardly do much good.
Fabra is forgetting all he has said and done in the past few months and starting fresh in 2012. He will even revisit the 2012 budget and, in Rajoy's wake, today he announced measures that will require sacrifices for all.
Yesterday he already knew that he would break his promise to not alter civil servant salaries and harm public sector companies. The efforts will allow him to avoid paying the 4 billion euros in government debt payments that are due this year. But providers will be complaining for months.