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Spanish PM Seeking to Promote Links with China

Spain hopes China will increase its investment in Spanish government debt, Prime Minister José Luis Rodríguez Zapatero said on a visit to Beijing, highlighting China’s importance as a source of global capital. Mr. Zapatero made the comments in a group interview with Chinese media Tuesday, during a brief stop in Beijing after visiting the World [...]
 

Spanish Homeowners Face First Mortgage Rise in Two Years

Euribor (12 months), the interest rate normally used to calculate mortgage repayments in Spain, has now risen for 5 consecutive months to its highest level in more than a year. Euribor reached 1.421% in August, an increase of 3.5% on the previous month, and 6.5% higher than August last year. As a result, borrowers on [...]
 

Spanish Bonds Attract Global Banks

International banks used a record amount of Spanish government bonds as collateral to borrow money in the markets last week, sparking hopes that credit problems in the troubled eurozone are easing. The use of Spanish government bonds shows that confidence in Madrid has risen in recent weeks as fears recede that the country’s sluggish economy [...]
 
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