- Restaurants and Beach Clubs
- Car Rent and Sales
- Golf Clubs
- Beauty & Spa
- Family Fun & Sports
- Sports & Tennis Clubs
- Art & Culture
- Post Offices
European Central Bank to purchase Spanish and Italian debt08-08-2011
The bank will start making its purchases today.
The European Central Bank is to buy Spanish and Italian debt to avoid more contagion in the financial crisis. A statement on Monday morning said that it would ‘actively implement’ its public debt purchase program on Monday, in an attempt to avoid a panic reaction on the markets.
The European Financial Facility and Stabilisation fund is considered insufficient for countries of the size of Spain or Italy.
The Eurozone financial leaders discussed the strategy on Sunday night after both Italy and Spain announced new measures and reforms in fiscal and structural policy. Merkel and Sarkozy issued a statement in which they ask for measures to re-establish equilibrium in the affected countries be speeded up. They said they were both satisfied with the measures being taken in Italy and Spain.
In Spain the Government is to approve more measures this month, to ensure the deficit target for the year is met. These include pre-payments to large companies, make part time work contracts more flexible and a deal is to be done with the autonomous regions to control their spending which will be ready in September.
Minister for Tax and the Economy, Elena Salgado, also promised to increase the transparency of public accounts in the regions.
By: Tene Sommer
Golden Stevia Low Carb Shop Europe- Order Online! Keto, Sugar Free, Gluten Free and Diabetic friendly
Ocean Clinic Dr. Kai Kaye & Dr. Gabriela Casabona Explain How To Achieve Optimal Anti-aging is a Three-Dimensional Process
Ocean Clinic Marbella Madrid, Zürich: What are the TOP Global Projections for the Future of Cosmetic Surgery 2023?
Ocean Clinic Marbella-Madrid-Zürich answers: What are the Top Cosmetic and Plastic Surgery Trends for MEN @2023?
Ocean Clinic Dr Casabona explains the "HEAT" concept in aesthetic medicine treatments and anti-ageing cosmetics
Exclusive interview: Meet an expert in skin cancer surgery, anti-ageing procedures, wife and mother of six - Dr Gabriela Casabona
Dr Gabriela Casabona Ocean Clinic: what do different generations want in aesthetic and cosmetic treatments?
Italian designer Flavia Padovan Luxury Seawear Summer Collection 2022 fashion show @Seagrill Marbella Gallery
Ocean Clinic Marbella Madrid Zürich TOP Cosmetic and Plastic Surgery Trends 2022 - #1 Body Contouring
Unhappy with your nose tip? Ocean Clinic Rhinoplasty experts explain if Nasal Tip surgery is right for you
The City Council Recognizes the Philanthropic work of María Bravo by Giving her Name to Square in Estepona
Málaga Christmas lights are on! @ Malaga November 24th 2017
Marbella CIT XVIII Business Awards November 24 of 2017 at Puente Romano Beach Resort & Spa
Please enter an email!
Please enter your password