Sarkozy set to meet Spanish PM after S&P; downgrade
January 16th, 2012 - 1:45 pm ICT by IANS ( Leave a comment )Madrid, Jan 16 (IANS) French President Nicolas Sarkozy will visit Spain and meet Spanish Prime Minister Mariano Rajoy Monday, according to Spanish government.
Sarkozy is the first foreign leader to visit Madrid after Rajoy won the general election Nov 20 last year.
The pair will meet at Rajoy’s residence, the Palacio de la Moncloa, just days after rating agency Standard & Poor’s took away France’s triple-A credit rating and cut Spain’s rating by two notches to AA- Friday, causing Spain’s risk premium to rise sharply, said Xinhua.
Rajoy had seen the Spanish Congress approve his new government’s first package of measures aimed at combating the economic crisis and keep the public deficit under control.
Those measures included wide ranging spending cuts as well as rises in income and property taxes.
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- Moody's downgrades Spain's debt rating - Mar 11, 2011
- Spanish debt auction attracts strong demand - Jan 13, 2012
- Spain's PM-elect vows to slash deficit, boost pensions - Dec 20, 2011
- Spanish banks' bad loans ratio highest since 1994 - Feb 18, 2012
- Spanish king confers highest honour on Sarkozy - Jan 17, 2012
- Markets hammer Spanish bonds - Aug 03, 2011
- Gibraltar to decide its own future, Britain tells Spain - Feb 22, 2012
- Spanish PM expects weak economic growth in fourth quarter - Dec 31, 2010
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