Spain's Economy Minister: "Additional reductions will not harm the economy"

Market news

13 March 2012

Spain's Economy Minister: "Additional reductions will not harm the economy"

- Spain has no plans to raise value added tax
- The new deficit target (5.3%) suggests that the EU authorities believe to Spain

European stocks closed in plus: FTSE 100 5,955.91 +63.16 +1.07%, CAC 40 3,550.16 +60.10 +1.72%, DAX 6,995.91 +94.56 +1.37%

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