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Post by bot on Apr 9, 2012 7:19:43 GMT -5
Spain's de Guindos: Economy will grow in 2013 from MarketWatch.com - MarketPulse MADRID (MarketWatch) -- Spanish Finance Minister Luis de Guindos said Monday in an interview with radio SER that difficult times facing the economy will ease up in 2013, along with the "bleeding" of jobs. Yields soared for Spanish government bonds last week after borrowing costs rose and demand sagged at a bond auction. De Guindos blamed recent market pressure on Spain on worries that a European recession will make it difficult for governments to reach public deficit targets, and on doubts about Spain's autonomous regions' ability to meet their deficit targets. He also expanded on comments he made to German newspaper Frankfurter Allgemeine, in which he talked of reforms for the health-care and education system. He told SER that the government could introduce a system of progressive payment in its free healthcare system, whereby those who have more resources pay more.
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