Spain has lost capital markets access due to steep risk premiums, Budget Minister Cristobal Montoro in a radio interview on Tuesday.
"What this premium tells us is that the State, and Spain as a whole, has a problem when it comes to access markets, when we need to refinance our debt," he told Spanish broadcaster Onda Cero.
Further, he said banks should be recapitalized through European mechanisms.
Dollar Erases Losses as Durable-Goods Orders Rise; Rand Weakens
The dollar erased losses against the euro, trimming a weekly decline, as a higher-than-forecast increase in orders for U.S. durable goods added to speculation the Federal Reserve may slow monetary st
Gold dips, but 2.15% weekly rise biggest in a month
Gold turned modestly lower on Friday as some players exited positions ahead of a long US weekend, but registered its biggest weekly per centage gain in a month, supported by a drop in stock markets a
BSE Sensex ends flat, Nifty closes below 6000 for second day
The S&P BSE Sensex snapped a 4-day losing streak to edge higher on Friday, rebounding as Tata SteelBSE 4.56 % surged after its March-quarter operating profit beat analyst estimates and as recently be
Cash rates steady, await OMO
Overnight cash rates at 7.25/7.30 percent versus Thursday's close of 7.20/7.30 percent.
Dealers will wait to see whether the RBI announces an OMO next week after the last one on May 5.