‘Rajoy demands ECB cash injection to save economy’

Published on 9 April 2013 at 10:32

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The Spanish Prime MInister has demanded "radical change" to EU austerity policies and intervention by the European Central Bank (ECB) to relieve countries like Spain and Portugal, which have implemented policies requested by the EU.
Mariano Rajoy wants the ECB to inject money into the economy, a policy already implemented by the US Federal Reserve and the Bank of Japan. Rajoy’s declaration came shortly after German Minister of Finance, Wolfgang Schäuble, publicly stated that he did not believe such a measure would "adequate".
The daily calls for a "monetary revolution", and argues that ECB intervention could also boost the competitivity of the Eurozone.

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