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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Spain wants SWFs to help cover its debt

Posted on 21 October 2008

From IHT: Spain is appealing to sovereign wealth funds from the Middle East to buy the public debt that it plans to issue to pay for its banking-support package, Industry Minister Miguel Sebastián said recently.

Without investment from Gulf states and other countries, the package could fail to improve bank liquidity and interbank lending and the severe economic problems plaguing the Spanish economy could drag on, Sebastián said after talks in Madrid last week with officials from the Gulf Cooperation Council….. Full Article: Source


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