Spanish economy is in “change cycle” according to Rajoy

After two years of intensive reforms, according to Mariano Rajoy, President of Spain, his country is “in a change of cycle” and has passed from recession to growth, although employment and reducing unemployment continue to be issues to be solved. Under the optimistic...
finance minister of Spain, Luis de Guindos

De Guindos Dismisses that Spain needs help from Eurozone

This morning, the finance minister of Spain, Luis de Guindos, denied that his country has to ransom his European partners, despite the “Situations of irrationality in the markets.” In Guindos told the media in full Congress of Deputies (lower house of parliament) will...
Eurozone

German Parliament will Support Financially the Spanish Bank

This morning, German Parliament, Bundestag, is ready to recapitalize the Spanish Bank with European funds. Germany will give a loan of 100,000 million euros to be granted through the European Financial Stability Fund (EFSF). This aid is going to be paid with the condition that...