Tag: Finance
Japan will buy for the first time the Chinese state obligations
Japan announced the next order of Chinese government bonds, an unprecedented acquisition symbolizes the strengthening of financial exchanges between the two Asian powers. “We have received the agreement of the Chinese authorities to purchase government bonds for 65,000 billion yuan, about 10,300 million dollars,” he said Tuesday the Japanese Ministry of Finance, Jun Azumi, in [...]
Eurogroup rejected Spain’s deficit target but agrees to give more room
Finance ministers from the euro zone today rejected the deficit reduction target of 5.8% of GDP announced by Spain this year and demanded a greater effort to reach 5.3%, which also implies a relaxation compared 4.4% initially agreed with Brussels. “The figure previously announced (by Spain), 5.8% died,” he said after the meeting of the [...]
Eurozone agrees to ease Spain’s deficit target to 5.3% in 2012
The Eurozone agreed to relax the deficit target of Spain in 2012, but up to 5.3% of GDP, against 5.8% as proposed by the Prime Minister Mariano Rajoy. “We believe that Spain should make a greater effort,” said Eurogroup Chairman Jean-Claude Juncker, in a press conference after the meeting of finance ministers of the 17 [...]
German Finance Minister said that Spain is not Greece
Spain is not Greece, said Monday the German finance minister, Wolfgang Schauble, who said “great progress” made by Spain, despite the government’s announcement that it will break Mariano Rajoy of the deficit target agreed with Brussels this year . “Spain has made much progress,” Schauble said upon arrival in Brussels for the meeting of finance [...]
New Deficit Target Spain & Greek Rescue Center The Eurogroup
The Spanish Minister of Economy and Competitiveness, Luis de Guindos, explain their European counterparts tomorrow at the new deficit target for this year in Spain (5.8% of GDP), at a meeting in which also take the final decision on the granting of the second rescue Greece. In Guindos insist on what he said the prime [...]
Guindos said that financial reform in Spain is the most ambitious EU
The Minister of Economy and Competitiveness, Luis de Guindos, has ensured that the process of healing and consolidation of the Spanish financial system “is the most ambitious of all the European Union”, and is confident it will result in “the largest sector healthy in Europe “. In an interview published in the Journal of KPMG, [...]
German Finance Minister said Germany has no intention to dominate Europe
German Finance Minister, Wolfgang Schäuble, said that Germany does not want or can become the hegemonic nation European Union (EU), whose member states suggest a lower public spending and structural reforms to boost the economy to the “weak growth “2012. In an interview published today by the Italian daily “La Repubblica”, a two-day visit to [...]
