Another Europe News
Spain’s borrowing costs ease
http://www.euronews.com/ Though still mired in recession, Spain’s made a good start to the year in terms of selling government bonds.
In the first debt auction of 2013, Madrid raised 5.8 billion euros. That was more that it had planned and it paid a lower rate of interest than anticipated.
Spain needs to sell 121 billion euros worth of bonds this year – eight percent more that last year – to pay back lenders and to rescue its financially troubled autonomous regions.
Analyst Salvador Isasa with Inversis Bank thinks an EU bailout is still likely, but not at the same level as Greece or Portugal.
He said: “I think we had a good first auction of bonds, with very reasonable rates compared to what we have had. Now, my personal opinion is we will go forward and I would say there is a 50/50 chance of what could be described as a ‘light’ bailout.”
Spanish Prime Minister Mariano Rajoy has been trying to avoid asking for a bailout.
Reportedly there was strong demand at this bond auction from international as well as domestic investors, which potentially eases pressure on the government over aid.
Raj Badiani, analyst at IHS Global Insight, said: “Spain will continue to face a challenging sovereign financing cycle in the next few years.”
While Thursday’s auction was a positive surprise, the bigger test, analysts said, would be to raise significant amounts in 10-year or longer-term issues over the coming months.
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Europe Today: Blame continues in France, Russia kills two children in Kharkiv
Blame in France over protests continues as Sébastien Lecornu accuses the ultra-left of orchestrating the unrest. In Kharkiv, two children are among the victims of a Russian strike on a park as Putin reportedly floats a summit without Kyiv. And we interview with Ryanair CEO Michael O’Leary.
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UN envoy pushes for renewed Cyprus talks before end of 2026
Turkish Cypriot leader Tufan Erhürman said in Ankara that “we will continue to work for a fair and sustainable solution on the island, in close consultation and cooperation with Turkey.”
READ MORE : http://www.euronews.com/2026/10/30/un-envoy-pushes-for-renewed-cyprus-talks-before-end-of-2026
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Protesters clash with police near Colosseum as Italy stages nationwide strike
People have taken to the streets again in dozens of Italian cities to protest against the rising cost of living, as part of a general strike called by grassroots unions.
READ MORE : http://www.euronews.com/2026/10/30/italy-on-high-alert-as-thousands-take-the-streets-in-nationwide-strike
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