Some publishing houses have trimmed back even further, limiting editorial assistance to new writers to proofreading and line editing rather than structural editing.
In order to avoid losing face, the Spanish government is said to be working with the ECB and Brussels to develop a structural reform package that is in line with the conditionality expected under a formal bailout, according to Barclays.
Nor do we expect pro-growth structural reforms such as repeal of the 1974 budget and impoundment act, the line item veto, pay-go rules to require spending cuts to offset proposed spending increases, scoring reform, or a super-majority vote to pass new entitlements.