Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Salgado Says Spain Is On Target

MADRID, Aug. 9 (UPI) — 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.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Salgado Says Spain Is On Target”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.