Latest News:  
Beijing   Sunny    31 / 20 ℃  City Forecast

English>>World

No decision taken on sovereign bailout: Spanish PM

(Xinhua)

10:24, August 15, 2012

MADRID, Aug.14 (Xinhua) -- Spanish Prime Minister Mariano Rajoy on Tuesday said no decision regarding a sovereign bailout had been taken.

Rajoy and the King of Spain Juan Carlos de Borbon met on Tuesday in the Balearic Island of Palma de Mallorca to discuss the political and economic situation in Spain.

In a press conference following the meeting, Rajoy said that the Spanish government would await details about forthcoming measures by the European Central Bank (ECB) before taking any decision.

"Until we know the ECB's decision on this issue, we are not going to take any decision either," Rajoy said.

ECB President Mario Draghi in early August said his institution would take "unconventional measures" to alleviate market pressure on countries such as Spain and Italy.

During the unscheduled press conference, Rajoy also announced monthly payments of 400 euros (493 U.S. dollars) for the long-term unemployed -- due to expire on Wednesday -- would be extended.

The so-called Plan Prepara provides handouts to those who no longer qualify for other unemployment benefits. The extension of the aid will be passed on August 24 by the Spanish cabinet. The plan has been extended two times since its introduction in 2011.

Spain has the highest unemployment rate in Europe with a total of 704,900 people losing their jobs three years ago or more.

More special coverages

More special coverages

Email|Print|Comments(Editor:朱蕤、姚春)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese navy ships visit Israel's Haifa Port

  2. Japan nuclear disaster causes mutant butterfly

  3. A ruling in Europe gives cheer to China

  4. Art festival of "Switch on Beijing 2012"

  5. Dong Jie as rugby coach on Women's Health

  6. Creepy parasites in human bodies

Most Popular

Opinions

  1. Africa more attuned to partnership with China
  2. Japan's abstaining from shrine visit positive
  3. A ruling in Europe gives cheer to China
  4. Syrian crisis: clash between foreign powers
  5. Commentary: Banks need new culture
  6. Asian slowdown leaves Europe pondering
  7. Be wary of Japan’s radical acts on Diaoyu
  8. Editorial: Stable but slower growth
  9. Firms should watch out for Internet threats
  10. Why have people lost trust in data and indices?

What's happening in China

Officers describe shooting of armed robber suspect

  1. Fire breaks out in Jiangsu pesticide factory
  2. Historic palace site to be elevated
  3. Web giants vow to eradicate online pornography
  4. Tropical storm Kai-Tak approaches south China
  5. Haikui damage estimated at 1.46 bln yuan

China Features

  1. Green is sustainable power for development
  2. How to remove odor on tableware?
  3. Be aware of air conditioning pollution
  4. People's Daily: World trade faces downside risks
  5. The Untold Stories on China's Sports Field

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai