Visco calls on G20 to spur economic growth

Note: This section contains information in English only.
Source: The Wall Street Journal
Ignazio Visco, Bank of Italy Governor, urges leaders of Group of 20 to pursue policies aimed at stimulating economic growth to avoid a new global downturn, which might weigh on a frail financial system. Mr. Visco prompts to set up a European fund in order to resolve the banking crisis. He supports the unified system of rules and supervision of the EU's financial sector. 
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Mon, 11 Jun 2012 06:31:36 GMT

Spain's bailout package weakens PM's authority

Spanish PM Mariano Rajoy's capitulation to ask for a bailout from European governments may weaken his authority, experts suggested on Monday. Rajoy's call for rescue diminishes credibility the PM will be able to meet his goals for budget deficit reduction.

Mon, 11 Jun 2012 07:19:37 GMT

Mariano Rajoy said financial aid to banks will shore up ailing economy

Spanish government agreed on Saturday to accept $125 billion in financial aid for Spanish banks. Prime Minister Mariano Rajoy said on Sunday that the EU bailout for the ailing banks will prop up the country's economy. "It will allow the restarting of credit to families, entrepreneurs, small and medium-sized businesses so that they can all carry out their projects," Mr.

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