Spain needs urgent finance: Premier

Spain needs urgent finance: Premier

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 said he will push at his first EU summit later today for eurobonds.

Such bonds issued jointly would also aim at bringing down borrowing rates, but Germany is opposed.

Mr Rajoy said he does not think the 27 European Union leaders meeting in Brussels will resolve the eurobond dispute today.

Mr Hollande also insisted he would stick by his push for a Europe-wide growth pact by the end of June.

More on this topic

Alison O'Connor: Each decade brings stark choices that impact our nation’s childrenAlison O'Connor: Each decade brings stark choices that impact our nation’s children

Letter to the Editor: Another bust is comingLetter to the Editor: Another bust is coming

Eurozone recession fears on the riseEurozone recession fears on the rise

Did big economies get it wrong after the crash?Did big economies get it wrong after the crash?


More in this Section

Trump threatens to deploy military in vow to end protestsTrump threatens to deploy military in vow to end protests

Two-metre distance more effective than one at curbing Covid-19 spread – studyTwo-metre distance more effective than one at curbing Covid-19 spread – study

British MPs to return to Westminster after virtual proceedings droppedBritish MPs to return to Westminster after virtual proceedings dropped

New reporting process sees 445 extra Covid-19 deaths added to UK totalNew reporting process sees 445 extra Covid-19 deaths added to UK total


Lifestyle

Bless me readers, I have sinned. This week, we had more than a few visitors around, some water was wasted in the back garden and I was judgmental about my friends’ parenting style.Learner Dad: The highlight was when my daughter roared, ‘this is just like being on holidays’

Wearing gloves when out in public has become more prevalent and so has pulling them on in the garden during lockdown, writes Ray RyanIreland's growing love for gardening

Of all the times when Connell comes to Marianne’s rescue, the moment when he finally sticks it to her brother Alan is the one I’ve been looking forward to the most.Normal People recap: A grand finale with pocket rockets and swoonsome kisses

Dublin songstress, Imelda May.Imelda May returns with spoken word album Slip Of The Tongue

More From The Irish Examiner