Spanish government credit denied as country’s fisc
Jun 5, 2012 10:09:34 GMT -5
Post by popcorn on Jun 5, 2012 10:09:34 GMT -5
Spanish government credit denied as country’s fiscal woes worsen 
June 5, 2012 – MADRID – Spain’s Budget Minister Cristobal Montoro on Tuesday urged euro-zone partners to act faster to help support its enfeebled banks, saying that the government has effectively lost access to capital markets because of steep risk premiums demanded by sovereign bond investors. In making this dramatic admission, Mr. Montoro joined recent calls by the Spanish government for direct aid from European Union institutions for Spanish banks as the government hopes to avoid a full-blown bailout package.
theextinctionprotocol.wordpress.com/2012/06/05/spanish-government-credit-denied-as-countrys-fiscal-woes-worsen/
June 5, 2012 – MADRID – Spain’s Budget Minister Cristobal Montoro on Tuesday urged euro-zone partners to act faster to help support its enfeebled banks, saying that the government has effectively lost access to capital markets because of steep risk premiums demanded by sovereign bond investors. In making this dramatic admission, Mr. Montoro joined recent calls by the Spanish government for direct aid from European Union institutions for Spanish banks as the government hopes to avoid a full-blown bailout package.
theextinctionprotocol.wordpress.com/2012/06/05/spanish-government-credit-denied-as-countrys-fiscal-woes-worsen/