The Economy Minister Luis de Guindos, today launched a message of calm to the situation of market volatility and financial stress is affecting Spain, which has been attributed to the Greek elections next Sunday.
De Guindos was speaking after meeting with the Prime Minister, Mariano Rajoy, the vice president, Soraya Saenz de Santamaria, and the finance minister, Cristobal Montoro, on the premises of the end of the full Congress.
He referred as well to the tense situation that affects Spain after the Spanish bond interest to ten years in the secondary debt market has reached 7% and the risk premium reached 550 points, a level that the Minister has acknowledged that it is sustainable over time.
However, he said he was convinced that the Government will take measures that will reduce the pressure on Spain in the coming weeks.
The minister has insisted on giving a message of “peace” and said that the government is taking all necessary steps to address this situation and has to do with the support of “all” euro zone partners. And that is an “essential,” he said.
“It’s a message of unity,” he assured, to be reaffirmed at the meeting of G-20 in Mexico on Monday and Tuesday, to be attended by the prime minister, Mariano Rajoy, and where they analyze the economic situation specific international and Europe.
De Guindos has stressed several times that at the moment the message is “quiet” because Spain has had the “reinforcement” of all members of the EU since last weekend when it announced support for Spanish banks, as well -has pointed out, have made clear the European authorities.
The head of Economy has said that the government is “above” all that is happening, taking action and going to keep doing, not only on the behavior of the risk premium has been suggested, but also taking into account the interests of Spain and the euro area.
After the meeting they have remained in the area of Government House, Rajoy and Vice President have left without comment, amid great excitement in the media, waiting to conclude this meeting, which lasted over two hours.
Category: Mutual Funds