Spanish fiscal reform plans exceed the recommendations of the EU, says economy minister de...

|By:, SA News Editor

Spanish 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%.