Vladimír Urbánek (Kurzy.cz)
Markets  |  September 20, 2012 14:05:18

Spain started negotiating and Greece takes measures to overcoming other financial assistance

James Hughes, Chief Market Analystv Alpari said: "Spain began to negotiate with the European Union about a possible request for assistance to reduce the amount of unsustainable borrowing costs. It is unlikely that in the near future we will see an agreement with Spanish Prime Minister Mariano Rajoy, who because of the debts of Spain is waiting for favorable conditions for austerity measures.   However, European lenders are already enough concern financial need of the southern states and they do not look too much at it that Spain and other countries want to compromise.

Greece can still get more of their aid during October. The government apparently in his steps towards the desired government cuts. Before you get to ouhlas by Troika (the European Central Bank, European Commission and International Monetary Fund), which is currently in Greece must agree with the measures and coalition partners. If signed, the proposal will be forwarded to the European Minister of Finance, who will be meeting in early October. "

Note: This text contains personal thoughts and opinions and should not be adopted or misunderstood as investment advice.

Lenka Sobotková | Account Specialist | AMI Communications

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Španělsko zahájilo vyjednávání a Řecko přijímá opatření k přejití další finanční pomoci

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