Spain urges Germany to act for growth: FT
15th January 2013, 0 comments
Spain's Prime Minister Mariano Rajoy urged strong eurozone economies such as Germany to act to stimulate growth to help the bloc recover, in an interview published in the Financial Times on Tuesday.
"In this moment, when there is a need for growth, those who are able to implement growth policies should do it," the newspaper quoted him as saying, in what it saw as a reference to fiscally strict Germany.
"You cannot ask Spain to adopt expansionary policies at this time. But those countries that can, should," Rajoy was quoted as saying.
Rajoy resisted seeking outside help in the form of supportive action from the European Central Bank last year despite recession-hit Spain's borrowing costs rising to dangerous levels.
© 2013 AFP