In Madrid, the jittery trading on the Bolsa (stock exchange) last week reflected the seriousness of Spain's financial crisis. Fortnight ago, stocks plummeted in the worst crash in Franco's 21-year regime. Some fell as much as 50% in a week, and the average of 99 selected stocks was down 7.5%. The market recovered somewhat, but last week started down again, and trading was so feverish that the Franco-controlled paper Arriba cried: "The Bolsa has become a roulette wheel."
In an effort to restore confidence, Franco issued a rosy and unsolicited statement of 1,600 words...
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