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 -Wednesday 29 July 2015
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Italian PM 'not worried about Spanish contagion'
Italian Prime Minister Mario Monti said on Wednesday that he was not worried about economic troubles in Spain spreading to the rest of Europe, further downplaying comments he made over the weekend that Madrid’s fiscal problems could reignite the euro zone debt crisis. “Spain, I’m sure, is on a steady course of budgetary consolidation,” Monti told reporters in Tokyo where he arrived from a nuclear security summit in South Korea.
“And contagion as a whole, I hope, will soon belong to the past now that more discipline has been adhered to by most member states, and now that the firewalls are being in the process of being fortified.”
Monti on Saturday had expressed concern about the state of finances in Spain and said it would not take much to reignite the euro zone debt crisis and revive the risk of it spreading to Italy.
Few days later, however, he said he had “total confidence” in Madrid’s economic management after meeting his Spanish counterpart Mariano Rajoy on Tuesday on the sidelines of the nuclear summit in Seoul.
Monti, who replaced beleaguered Silvio Berlusconi in November, rapidly pushed through austerity measures, while Spain shocked markets last month when it said it had missed its 2011 budget deficit target and set itself a softer goal for 2012.
But with sense of fiscal emergency coming slightly off the boil in Italy, his recent drive to force through labour reform -considered crucial for economic revival- has run into opposition.
Monti said labour reform was the fourth key theme for Italy after he tackled budgetary consolidation, pension reform and liberalisation of the service sector.
“Of course my view is that it is a bold and balanced package,” Monti said of the plan, which makes it easier for firms to fire employees and gives them financial incentives to hire permanent workers rather than temporary staff.
Latest News & Stories
- New PP Delegate for Murcia brings Corvera Airport Confidence ?
- Spain's Podemos losing support amongst voters - poll
- Spain worse place in Europe for Brits being scammed : Report
- Lycamobile Spain launches "unlimited" European calls plan
- Spain's Euskaltel agrees offer for R Cable
- Galicia crash inquiry stalls 2years after Spain’s deadliest train accident
- FACUA demands Ryanair compensates passengers affected by strike
- Sacyr, still reeling from Corvera upset, struggling with Repsol debt
- Spain's Bankinter H1 net profit up 32%
- Spain sees unemployment fall to 3-Year low end Q2
- What is the Euribor ?
- Applying for a Business Loan
- Applying for an EU Grant for your Business
- When you can’t pay the Mortgage