Malaga: Spain's economy and competitiveness minister on Thursday blamed a sharp rise in the country's debt-risk premium to market volatility triggered by "doubts about growth in Europe".
"It has to do with doubts about economic growth in Europe. If there's no economic growth, the markets start doubting," Luis de Guindos told EFE in the southern city of Marbella. His remarks came on a day when Spain's debt-risk premium - the extra return investors demand on Spanish government bonds compared to safe-haven German debt - climbed to more than 400 basis points for the first time since last December.
He said Spain must respond by acting "with conviction" in forging ahead with "policies to reduce the public deficit and with economic reforms to boost the economy's potential"
For more: Spain blames Europe growth concerns for debt-risk premium rise
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