Spain’s funding problems are over

Eurozone officialdom routinely sees the eurozone itself through a rose-tinted lens.

Just listen to Francois Hollande, or any number of Spanish officials, such as Inigo Fernandez de Mesa, the country’s Treasury minister, who was talking to Reuters on Wednesday (emphasis ours):

“As we speak, my funding needs for this year are almost covered, at 95 percent, and my intention is to start funding the Treasury for next year so that we can start the year with our homework done,” said Fernandez de Mesa, who reports to Economy Minister Luis de Guindos.