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MADRID (Reuters) – Spain’s debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, its budget showed on Saturday. Spain’s debt as a ratio of gross domestic product will reach 90.5 percent [...]
Posts Tagged ‘regions’’
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Spain debt rises on aid to banks, regions, finance cost
Posted by admin on September 29th, 2012
MADRID (Reuters) – Spain's debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, its budget showed on Saturday. Spain's debt as a ratio of gross domestic product will reach 90.5 percent [...]
Rajoy inches toward aid as protests, regions seethe
Posted by admin on September 26th, 2012
MADRID (Reuters) – Violent protests in Madrid and growing talk of secession in wealthy Catalonia are piling pressure on Spanish Prime Minister Mariano Rajoy as he moves closer to asking Europe for rescue money. Rajoy has been resisting calls from influential domestic bankers and the leaders of France and Italy to move quickly to request [...]
Spain delays plans to back regions’ debts
Posted by admin on June 1st, 2012
MADRID (Reuters) – Spain’s government has delayed by at least a week the adoption of a new mechanism to ease the funding problems of its heavily indebted regions, a government source said on Friday. The 17 autonomous communities, virtually blocked from financing themselves on public debt markets due to the high rates they would have [...]
