- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- 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
- 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
- Liva & Laia : 15th November
Luc Coene, an ECB Governing Council member, told the Belgian press yesterday how Spain should seek financial aid "urgently".
Coene, who is also the head of the Belgian Central Bank, told De Standaard how he had concerns over the future of the economy after recently issued Spanish 10-year treasury bonds rose to a 6% yield.
The Banker went on to warn that if the governments fail to improve competitiveness, many EU member states will have to face a similar situation last seen in Japan, where the economy experienced years or supressed growth.
However, earlier in the week the EU Commissioner for Economic and Monetary Affairs, Olli Rehn, praised Spain's efforts in reducing deficit and said "no further steps in the excessive deficit procedure of Spain are needed at present."
Yesterday Spain's Minister for the Economy, Luis de Guindos, was quoted as saying how "Spain does not need any financial assistance from the IMF".