Spain seeks to soothe nervous markets

Spain’s Finance Minister Elena Salgado said on the 9 December 2010 that the country’s aim of reducing its budget deficit to 6 per cent of gross domestic product next year was 'unconditional'.

Her comments in a radio interview were the latest official attempt to soothe financial markets concerned about the debts of 'peripheral' eurozone countries such as Ireland, Portugal and Spain and their banking systems.

ESO: Background Information: Spain to sell stake in lucrative state lottery http://www.europeansources.info/record/spain-to-sell-stake-in-lucrative-state-lottery/

ESO: Background information: Spain braces itself for a crisis made in Germany http://www.europeansources.info/record/spain-braces-itself-for-a-crisis-made-in-germany/

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