Rajoy Calls on EU to Deliver Debt Purchases as Spain Yields Rise
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Spanish Prime Minister Mariano Rajoy said euro-zone countries must urgently implement decisions including government bond purchases agreed to in June as the country can’t finance its deficit under current conditions.
The premier said he will announce additional measures this month to control the country’s budget shortfall. Spanish regional leaders must cut more spending as tax revenue slumps amid the country’s second recession since 2009, he said today in a speech in Navacerrada near Madrid.