From the Elliott article, a dubious expert:
Nick Parsons, head of strategy at National Australia Bank, said one success had been in protecting Britain's AAA credit rating, now under threat. "The credit rating is much less important going forward but when it was important it was very important," Parsons said, adding that in May 2010, Britain and Spain both had to pay just over 4% to borrow money for 10 years on the money markets. "One government had a deficit reduction plan, the other did not, which was why bond yields went to 7.5% in Spain and to 1.5% in the UK."
So what's this, from May 2010:
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Spain's PM has outlined a plan to tackle the country's budget crisis, amid concerns that problems afflicting Greece may spread across the eurozone.
Jose Luis Rodriguez Zapatero announced a 5% cut to public sector salaries, as well as reductions to pensions and regional government funding.