Excerpt:
Spanish recovery could take two years-Ocana
Reuters, Tuesday October 14 2008
* Spain's economy might not recover until 2011
* Spain sees risk of public sector deficit until 2011
* Deficit should not breach 3 pct/GDP, if crisis eases
* Spain very worried by bond spread over German bunds
By Andrew Hay and Manuel Maria Ruiz
MADRID, Oct 14 (Reuters) - Spain's economy could take until 2011 to recover from the global credit crisis which will leave behind a swelling public sector deficit, Treasury Secretary Carlos Ocana said on Tuesday.
Prior to the Lehman collapse, Spain's government had forecast a rebound by 2010 but now sees risks of lower than expected growth next year and a higher than estimated deficit, Ocana told Reuters during an interview...."
Link: http://www.guardian.co.uk/business/feedarticle/7870298
Spanish recovery could take two years-Ocana
Reuters, Tuesday October 14 2008
* Spain's economy might not recover until 2011
* Spain sees risk of public sector deficit until 2011
* Deficit should not breach 3 pct/GDP, if crisis eases
* Spain very worried by bond spread over German bunds
By Andrew Hay and Manuel Maria Ruiz
MADRID, Oct 14 (Reuters) - Spain's economy could take until 2011 to recover from the global credit crisis which will leave behind a swelling public sector deficit, Treasury Secretary Carlos Ocana said on Tuesday.
Prior to the Lehman collapse, Spain's government had forecast a rebound by 2010 but now sees risks of lower than expected growth next year and a higher than estimated deficit, Ocana told Reuters during an interview...."
Link: http://www.guardian.co.uk/business/feedarticle/7870298