Friday, August 3, 2012

Economy - Voice of America: Spain's PM Hints He Might Seek Economic Bailout

Economy - Voice of America
economy-and-business
Spain's PM Hints He Might Seek Economic Bailout
Aug 3rd 2012, 19:47

After months of denial, Spanish Prime Minister Mariano Rajoy is hinting for the first time that his debt-ridden country may seek an international bailout. Before deciding, Rajoy said he would first study how the European Central Bank structures its new plan to buy government bonds of debtor nations, including Spain and Italy. The bank's direct bond purchases could cut the soaring borrowing costs Madrid and Rome are facing on the world's financial markets. The interest rates on ...

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