Spanish Finance Minister Elena Salgado said Spain would hit its financial goals this year without an international bailout. "Spain's fundamentals show we are very far from requiring a bailout," Salgado said during a radio interview, The New York Times reported Tuesday. With help from the European Central Bank, yields on government bonds in Spain and Italy fell Tuesday seven days after Spanish bond yields hit a record high on Aug. 2 at 6.458 percent. Yields in Spain fell to 5.019 percent, while yields on 10-year bonds in Italy reached 5.143 percent. The senior foreign-exchange strategist at Rabobank International in London, Jane Foley, said the ECB interventions "may have had clear benefits in treating the symptoms of the crisis (but) is not a cure."Spain, meanwhile, has set a goal of lowering the budget deficit from 9.2 percent of the gross domestic product to 6 percent of the GDP for 2011, the Times said. To do so, the federal government has to focus on regional governments that have hard-to-control budgets. "The risk of fiscal slippage in the regions are likely to persist," said Antonio Garcia Pascual, an analyst at Barclays Capital.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor