Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain 'Can't afford to write off Greek debt' : Rajoy

Sat 14th Feb 2015
Spain 'Can't afford to write off Greek debt' : Rajoy

Spanish Prime Minister Mariano Rajoy told Journalists this week how his Government expects the new Greek administration to start to repay the EU26 Billion loan extended to them.

Rajoy made the comments following the meeting of the European Council on Thursday.

"They will start paying this loan in 30 years time, so the conditions are fantastic. They will pay interest in 10 years time," Rajoy said. "The important thing is that Greece - which already started growing -sticks to the rules and the commitments they signed up for in exchange for loans".

The inference that Spain may write the loan off was brushed aside by Rajoy : "Spain doesn't have the cash to spare", he added.

Recommended Reading :

* Rajoy : "Spain is the sick man of Europe"

* Spanish growth accelerates

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs