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 1 December 2016
- 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
German Foreign Minister "Optimistic about Spain"
German Foreign Minister Guido Westerwelle said he did not want to speculate on whether Spain would need a euro zone bailout but that he was optimistic about the Spanish government's reform course, Bild am Sonntag newspaper reported.
Westerwelle made the comment while answering questions from German tourists on the Spanish island of Majorca in a meeting arranged by the newspaper and published on Sunday. He was asked by a student how long Spain would be able to survive without assistance from the euro zone bailout fund.
"The Spanish government with its PM Mariano Rajoy is showing a great determination for reforms. That's why I'm optimistic for Spain," Westerwelle said.
When the 25-year-old student from Bavaria pressed Westerwelle for an answer to his question, the foreign minister said:
"I'm not going to speculate. If I were to give you the answer now that Bild am Sonntag is perhaps hoping for, that would lead to a big headline and we'd have a big problem. By the way, I did answer your question: I consider Spain to be a very strong nation with a highly productive economy."
Germany has expressed confidence that Spain will not need a EU bailout. Just two weeks ago Finance Minister Wolfgang Schaeuble dismissed media reports Spain was about to ask the euro zone bailout fund to purchase its bonds.
Spain's borrowing costs are painfully high, with the yield on its benchmark 10-year bond at close to 7% , and Rajoy is expected to make a formal request for coordinated action from the euro zone rescue funds and the ECB.
Latest News & Stories
- US developer planning mega-resort outside Madrid
- Spain to hike taxes on tobacco, alcohol and soft drinks to raise €8 billion
- Spain PM says must maintain policy of fiscal consolidation
- Bullish Spanish opposition calls on government to repeal “gag law”
- Spain's consumer prices rise 0.7 pct in Oct
- Lidl opens pop-up restaurant in Madrid
- Spanish economy to maintain growth rate in fourth quarter - economy minister
- 80% of Spaniards aged under 30 are still living with their parents
- Why does Spain collect less income tax than its EU neighbors ?
- How and where to complain about my Bank in Spain
- Bank guarantees - when things go wrong
- Opening a Bank Account in Spain
- Bank Charges in Spain