Spain's Economy Minister Luis De Guindos Monday said nobody has pressured Spain to request a new finance rescue and the country's treasury is "well financed" for this year. "It (Spain) is doing all the possible effort" to clean its bank system and to make all the necessary budget adjustments," said De Guindos, who is taking part in the G20 Finance Ministers and Central Banks' Governors held in Mexico City. "There hasn't been any kind of pressures, and there won't be. The government could not accept them," De Guindos said at a press conference, reaffirming the position of Spain's Prime Minister Mariano Rajoy of not requesting international support to pay the country's debts. The minister said Spain has a situation of "relatively loose liquidity" for the rest of the year. Hence, the Spanish minister rejected that Spain will request in the short term a new rescue, as some sources from G20 recently said. In the last days, European sources affirmed Spain could appeal to a bond-buying program from the European Central Bank to clean its finances. The European Central Bank conceded a loan for up to 125 billion U.S. dollars to clean the Spanish troublesome bank sector, after in the last half year several financial institutions in that country recognized lack of liquidity. The Spanish government analyzes all the implications, said De Guindos, "and when it considers it's proper, it will take a proper decision." Spain is suffering its second recession in the last three years, where unemployment is higher than 25 percent.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor