Santander: "the reduction of the euro zone is an unlikely and unfeasible scenario"
Report by Julia Pastor, in Madrid| The news of the day in all European media is the Franco-German proposal to create a hard core Europe, which would consist only of the countries able to maintain fiscal discipline. The new euro zone would consist of nine countries, including Spain. The response of the European Commission, through its president Durao Barroso, was clear: “A divided union with an integrated core and disconnected…