The Spanish Prime Minister Mariano Rajoy met yesterday the Finnish Prime Minister Jyrki Katainen at the Moncloa Palace to discuss the latest developments in the euro crisis, the stability of the markets and the development of European economic and monetary union.
Katainen’s visit coincides just after the decision by the European Central Bank to buy the debt of countries with economic problems in the secondary market if they seek help from their temporal or permanent bailout funds. This measure of ECB aims to stabilize the interest rates in European countries, but requires certain conditions to the countries that request such redemption. Speaking on Spanish Television the past Monday, Mariano Rajoy said his government was not ready to accept the conditions of the ECB yet and, in any case, would have to study them in more depth.
The Finnish Prime Minister Jyrki Katainen said on his arrival to Madrid that Spain is facing “unfairly high” interests while trying to get it’s economy out of the crisis, even though the Finnish government has been among the most reluctant countries in Europe to provide economic assistance to Spain, or at least among those who have insisted on guarantees of debt payments.
In addition to the negotiations with Mariano Rajoy, Jyrki Katainen has other activities in his visit to Spain; to give a speech in the New Economy Forum event as well as a participation in a debate on economy at the IE Business School in Madrid.
