Spain euro crisis: Rajoy rejects bailout conditions

Spain's Prime Minister Mariano Rajoy has said he will not accept outside conditions over a possible bailout.  Mr Rajoy made the pledge in his first television interview since taking office. But he said no decision to request a bailout had been taken.

Last week, the president of the European Central Bank (ECB) unveiled plans to buy bonds from indebted countries - under bailout conditions.  Mario Draghi said the ECB would provide a "fully effective backstop".

The aim of the programme was to cut the borrowing costs of debt-burdened eurozone members by buying their bonds.   The Spanish government's implied borrowing costs fell sharply after the announcement.

via BBC

Get OANDA's exclusive weekly Market Pulse FX

HTML
  • HTML
  • Text
Stuart McPhee

Stuart McPhee

Senior Currency Technical Analyst at Market Pulse
Stuart McPhee has more than 16 years’ experience as a private trader and he specializes in technical market analysis of major currency pairs. He is the author of several bestselling trading books, most recently the fourth edition of his popular book “Trading in a Nutshell” (John Wiley), and he contributes articles to daily newsletters and blogs. He produces articles and videos on the how-tos of technical trading. Based in Australia, Stuart speaks at conferences and events worldwide.
Stuart McPhee
Stuart McPhee

Latest posts by Stuart McPhee (see all)