SPAIN appeared the latest country at the centre of the escalating eurozone crisis yesterday as David Cameron failed to persuade European leaders to back his calls for action. After a meeting with the Prime Minister in Berlin yesterday, German Chancellor Angela Merkel warned it was important not “to pretend to have powers that we don’t have”. But within hours the new governor of the European Central Bank (ECB) Mario Draghi said “urgent action” was necessary from Europe’s leaders to implement the new eurozone bailout fund.
