Elena Salgado News
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Pacific Investment Management Co., home to the world’s biggest fixed-income fund, is shying away from risky assets as it sees a growing disconnect between the performances of financial markets and the global economy.
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As the only woman in her university class in Franco’s Spain, Elena Salgado remembers being singled out by a professor who doubted she could keep up with the male students. After making a point to the class, her professor would turn to her and ask: “And you, do you also understand?”
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Spanish Finance Minister Elena Salgado ’s “worst nightmares” ended with the European Union’s $925 billion plan to backstop euro-region debt. Now, she’s focusing on overhauling the country’s savings banks and labor rules to shore up the economy.
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Spain favors giving Greece “more flexibility” on rescue loans as European leaders wrangle over an agreement on bolstering the region’s crisis tools, Finance Minister Elena Salgado said.
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Finance Minister Elena Salgado said she’s confident Spain’s deficit-reduction efforts will restore investor trust and end the need for European authorities to support the nation’s bonds.
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The European Union stress tests on banks vindicated Spain’s push to have the results published, even though five of the country’s lenders didn’t pass, Finance Minister Elena Salgado said.
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Spanish Finance Minister Elena Salgado said investors won’t be forced to participate in a second bailout program for Greece.
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Spanish Finance Minister Elena Salgado said a surge in the country’s interest costs won’t put the deficit target at risk as the budget includes “very conservative” estimates for financing costs.
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Spanish Finance Minister Elena Salgado said the European Central Bank must help stabilize sovereign debt markets till the July 21 European Union accords are implemented, EFE reported.
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Spanish Finance Minister Elena Salgado said there had been no talks between finance ministers of the Group of 20 over whether European banks will need further capital.
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