EURO CRISIS

Rajoy hones his message on need for ECB to lend a hand

“We can have debates but the most important thing is to take a decision"

The message was not exactly new but Prime Minister Mariano Rajoy delivered it in the clearest way so far in public without naming names: Spain feels it has done its homework and believes the European Central Bank should do more to relieve the market’s stranglehold on Spanish government debt.

“The most urgent thing at the moment is to guarantee financial stability, that when a country has debt maturing it can refinance it,” Rajoy told a news conference in Chicago where he had been attending a NATO summit.

“This can be done rapidly in 24 hours, without great debates, nor laws that take two years,” Rajoy continued. “We can have debates but the most important thing is to take a decision. What is urgent is financial stability.”

Spain’s risk premium was steady at 484 basis points on Monday, but not so far off record euro-era highs of over 500 points reached last week.

Rajoy said he spoke to President Barack Obama on the Spanish economy and the euro but not about the banking situation.

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

LATIN AMERICA

Rousseff widens lead in Brazil opinion polls

With first round of elections approaching, incumbent pulls away from Socialist hopeful

Killings of students and local leaders in Guerrero state intensify political violence

Deaths of politician and trainee teachers follow Mexican federal deputy’s murder

Markets predict difficult ride ahead for Dilma Rousseff in case of reelection

Brazilian president needs to get friendlier with financiers to push her agenda forward

More children’s bodies identified at Florida school

Names have now been attached to three of the 55 sets of remains found at reformatory in Marianna

Lo más visto en...

» Top 50

Webs de PRISA

cerrar ventana