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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 442.03

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4:00 PM EST

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To: dybdahl who wrote (65160)	8/11/2010 8:20:11 AM
From: elmatador	of 220043

Spain revert the cuts! The cut in infrastructure has been very sharp," Mr Zapatero said at a widely reported news conference on Tuesday (10 August) after meeting King Juan Carlo in Palma de Mallorca. "[In] 10 to 15 days we will be able to give some positive news in relation to restoring investment activity in infrastructure." Alleviating the cuts will be possible only if "financial stability allows some leeway in the budget for 2011," the prime minister explained, however. He noted that the Spanish economy may not rebound as well as expected in the third quarter. "It is foreseeable that the third quarter will not be as strong as the second," Mr Zapatero said. Read more: businessinsider.com

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