MADRID (MarketWatch)
Spanish Economy Minister Luis de Guindos on Monday
said the country's economy will contract again in the second quarter, according
to media reports
The country's economy, at the heart of deep worries for
financial markets, contracted 0.3% in the first quarter, its second straight
quarter of economic decline
Late Friday, the government revised up its budget
deficit to 8.9% from 8.5% for 2011, after four regions reported higher debt
Speaking to reporters, de Guindos reportedly also said the country's banks do
not need bailout help, after French President Francois Hollande said at the
Group of Eight Summit over the weekend.that Spanish institutions should be
recapitalized by Europe's bailout funds
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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