How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Thursday 5 December 2013
- Join us for FREE IHT advice in Murcia & Costa Calida
- Crime Pays (In Spain at least)
- Madrid : Spain's Fashion Centre
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Spanish Tourism Stats Confusion
- Wincham announce opening of Marbella office
- Unauthorised Financial Advisers in Spain : UPDATE
- Community Insurance in Spain
- Calendar Girls
- Own a Property in Spain ? Then you need to read the following
- Considerations when Insuring your Boat in Spain
"Spain doesn't need rescue fund" : Oli Rehn
in, Italy and France will not need support from the euro zone's rescue fund, EU Monetary Affairs Commission Olli Rehn said in an interview with Bild newspaper on Monday.
We don't expect that these countries will need help from the stability mechanism," he said. "They are taking the right measures themselves to get their budgets and economies in order. That is the way to restore and strengthen market confidence."
Rehn also told Bild that he also expects euro zone countries to quickly agree - by September at the latest - to widen the scope of the European Financial Stability Fund (EFSF) that was agreed by EU leaders at a July 21 summit.
Some German lawmakers have warned that this is overly ambitious.
"The parliamentary procedures are different everywhere," Rehn said. "In some countries a ratification is required but in others it's not. But we've got to quickly enact the measures agreed at the July 21 summit - at the latest in September - to put an end to the uncertainties."
On Sunday, the president of the German parliament, Norbert Lammert, poured cold water on the government's plans to have a vote on the EFSF in parliament on Sept. 23. Lammert, a leader among Chancellor Angela Merkel's Christian Democrats, spoke out against the government's efforts to rush the measure through parliament.
On Friday, sources said parliamentary groups in Merkel's coalition planned to put the reforms to the euro zone's financial rescue fund to a vote in Bundestag on Sept 23.
The Berlin government -- along with governments in Austria, Finland, the Netherlands and Slovakia - have said they are confident their parliaments will approve the July 21 deal by euro zone leaders to widen the scope of the 440 billion euros EFSF.
Most legislatures are in summer recess until next month and governments have chosen not to recall them.
Latest News & Stories
- Emergency Landing at Madrid-Barajas
- A quarter of expats not being offered moving allowance
- Spain to Privatise Rail Services From Early 2014
- Spain's industrial output falls in Oct after brief Sept rise
- Questions asked in UK Parliament over Spain's Gibraltar Hypocrisy
- Moody's revises Spain's outlook to stable
- Idea of an independent Catalonia gets a NATO no-go
- Expats fear being priced out of British housing market
- Family problems blamed for unsuccessful relocations
- Orange Spain Launches Xmas Smartphone Offers
- What is the IBI Tax and How is it Calculated ?
- What is the Euribor ?
- When you can’t pay the Mortgage