Spain's governor feels the heat

Maria Teresa Fernandez de la Vega, deputy head of Spain's Socialist government has criticised the governor of the central bank, Miguel Angel Fernandez Ordonez, for being "alarmist" about the state of financing of the country's pension system.

The attack is the latest in a series between the government and central bank, which disagree over the extent of Spain's economic slowdown - the former anticipates GDP will contract 1.6% over 2009 against the central bank's gloomier 3% decline, fuelled by

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