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09/02/2010Spanish PM urges calm despite jittery markets

Spanish Prime Minister Jose Luis Rodriguez Zapatero calls for "tenacity, hard work and calm" as the country’s public finances left markets jittery.

Madrid – Spanish Prime Minister Jose Luis Rodriguez Zapatero urged calm and stressed Spain's "solvency and solidity" Tuesday as concern for the country's public finances left markets jittery.

"It is true that we have a grave economic crisis that has brought with it a high public deficit level, the highest in our history," Zapatero told a meeting of Socialist lawmakers in Madrid.

"There are movements that have brought a great deal of concern ... on the stock market. It seems there are speculative movements," Zapatero said, calling for "tenacity, hard work and calm."

"The solvency and solidity of our country is obvious," he added.

Investors have voiced growing anxiety over rising debt levels in the European single currency area and over the ability of some eurozone governments to keep their public finances in order.

Greece, Ireland, Italy, Portugal and Spain are seen as particularly at risk.

AFP / Expatica


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