Spain's Salgado says quick action needed on Greece

Reuters
July 14, 2011

Euro zone countries must take quick action to resolve Greece's debt crisis to prevent contagion from spreading through the currency bloc, Spain's Economy Minister Elena Salgado said.

Speaking in an interview published in German newspaper Sueddeutsche Zeitung on Thursday, Salgado said countries that share the euro would do all that was needed to guarantee the currency's stability, but that fast leadership was required.

"The markets attack all countries that have low growth or high debt, like Italy or Belgium," she said. "Therefore an answer must be quick, determined, and clear."

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