Mittwoch, 28. April 2010

Spain Government: Policymakers Need To Finalize Greek Support

MADRID -(Dow Jones)- European policymakers need to finalize a support package for Greece to stave off a contagion of its financial problems to other highly indebted euro-zone countries, a top Spanish official said Wednesday.

"I don't know if there is a contagion effect on the Spanish economy, but our [bond] spreads are at exceptional levels that we think are temporary," Jose Manuel Campa, Spain's deputy finance minister, said in an interview.

"Considering that they have been affected by the Greek situation, the sooner it is resolved, the better," Campa said.

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