Spain needs ur­gent fi­nance says Premier

The Peterborough Evening Telegraph - - Uk&world Update -

SPAIN’S prime min­is­ter says his coun­try ur­gently needs fi­nanc­ing and liq­uid­ity and can­not con­tinue much longer with its cur­rent high bor­row­ing rates. Mar­i­ano Ra­joy, speak­ing in Paris, sug­gested the Euro­pean Cen­tral Bank re­sume some of its emer­gency mea­sures, such as buy­ing the bonds of weak coun­tries, which has the im­pact of low­er­ing coun­tries’ bor­row­ing rates. At his side, France’s new pres­i­dent Fran­cois Hol­lande pushed at his first EU sum­mit later yes­ter­day for Eu­robonds.

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