Spanish fiscal reform plans exceed the recommendations of the EU, says economy minister de...
Thursday, September 27, 2012, 12:11 PM ETSpanish fiscal reform plans exceed the recommendations of the EU, says economy minister de Guindos. If true, the boast is an important one as it means Spain can submit to a bailout without having to go through the politically difficult route of accepting EU conditions. This would then trigger the ECB bond purchase program. Stocks rally to a session high, the S&P 500 +0.8%.
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