By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid predictions the state will need a second bail-out to save itself. Mariano Rajoy urged the European Central Bank (ECB) to resume its massive purchases of struggling euro nations’ debt in…
Tag Archive for Mariano Rajoy
Latest Business Headlines
Spain Accepts Bailout for Its Banks as Leader Warns of Tough Year Ahead – NYTimes.com
by Newswires • • 0 Comments
By RAPHAEL MINDER MADRID — The Spanish prime minister on Sunday called his country’s banking rescue by Europe a victory for the euro zone but hastened to describe it as a deal that was drawn up on his country’s own terms. “Nobody pressured me, I was the one who pressured to get credit,” Prime Minister…
European Crisis
Spanish PM tries to send ‘message of calm’ – Full story
by Newswires • • 0 Comments
(via AFP) Spanish Prime Minister Mariano Rajoy tried to play down fears the country would need an international bailout, saying the country would eventually find its way out of the financial crisis on its own. After a dismal week that saw the country’s borrowing costs soar, Rajoy, speaking at an economic forum…
Latest Business Headlines
Why merging Spain’s troubled banks won’t fix the country’s debt crisis
by Newswires • • 0 Comments
Bank mergers solve the debt crisis. At least that is the strongly held view in Madrid, where Spanish prime minister Mariano Rajoy is considering yet another rescue, this time involving a possible merger of Ibercaja with rivals Liberbank and Caja3. It follows a longstanding policy, established by the previous socialist administration, that smashing together almost…
European Crisis
Investors flee Spanish debt amid bank bailout fears – Full Story
by Newswires • • 0 Comments
(via AFP) Spanish Prime Minister Mariano Rajoy has admitted the state is struggling to borrow, as its risk premium hit a euro-era record and fears spread over the country’s stricken banks. Rajoy sought Monday to calm investors after the distressed lender Bankia pleaded for the biggest state rescue in Spanish…
Latest Business Headlines
Spanish banks don’t need European rescue: PM – Full Story
by Newswires • • 0 Comments
Spanish banks don’t need European rescue: PM (via AFP) Spanish Prime Minister Mariano Rajoy said he did not believe that Spain’s banks would need rescuing by Europe. “I don’t think so,” Rajoy told journalists on Saturday after arriving in Chicago to take part in a two-day NATO summit, expressing surprise after French President Francois Hollande…
Latest Business Headlines
Spain Urges EU to Provide More Support – Wall Street Journal
by Newswires • • 0 Comments
AFPSpain Urges EU to Provide More SupportWall Street JournalBy DAVID ROMAN And JONATHAN HOUSE MADRID—Spanish Prime Minister Mariano Rajoy Wednesday urged the European Union to provide more support for the bloc's fiscally frail members as borrowin…
