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Zapatero: govt can meet financing costs

Source: Reuters - Wed 1st Sep 2010

Spanish Prime Minister Jose Luis Rodriguez Zapatero said on Wednesday that sovereign debt auctions show the government is able to meet its financing needs as the country implements austerity measures to lower public debt.

Zapatero, speaking to reporters at a news conference in Tokyo, reiterated that the government will meet its target of reducing its budget deficit to 6 percent of gross domestic product in 2011.

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