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Berlusconi Request

Berlusconi Request

Zapatero has chatted with Berlusconi and Sarkozy on the situation of the markets. Berlusconi and Sarkozy agree to an urgent meeting of the Ministers of economy of the G-7. The meeting comes after the French President with the European Central Bank talks. Spain and Italy risk premiums set historic highs. Obama is with Sarkozy and Merkel about the economic situation in the eurozone.

The President of the Government Jose Luis Rodriguez Zapatero has chatted by phone with the President of France and the Prime Minister of Italy to discuss the situation in the financial markets. Zapatero and Italian Silvio Berlusconi have talked late Friday morning on the evolution of the risk premium on Italy and Spain. The over-indebtedness which both countries pay with respect to Germany has skyrocketed since the agreement of eurozone on July 21. The leaders have considered little compressible strong fluctuations and speculative movements of the markets, according to Moncloa. The risk premium on Italy you have exceeded this Friday for the first time to of Spain in a week horribilis for world parks. A few hours later Zapatero has chatted with Nicolas Sarkozy, the President of France, on the need to apply as soon as possible the measures adopted on 21 July and both have ratified in its determination of dnder euro. Sarkozy and Berlusconi have convened an emergency of the Ministers of economy of the G-7 meeting.

Preparatory maybe of a G-8 leaders js of State and Government, said Italian Prime Minister during which has announced that Italy will undertake new economic reforms. The j of the Gallic State spoke on Wednesday and Thursday with the President of the European Central Bank (ECB), Jean-Claude Trichet, on the situation in the euro zone, according to sources of the Presidency without giving more details. This second round of talks comes at a difficult time for the debt of some countries in the eurozone, to which are added the signs of economic slowdown on both sides of the Atlantic, circumstances that caused sharp falls on the stock exchanges yesterday. Bad figures the main index of the Spanish stock market, the Ibex-35, lost 15.30 points to 8.671,20 points. Wall Street fell a 4 m 3% on the eve, Tokyo was down this morning 3.7 per cent and Hong Kong, 4.3%. Announcement this Thursday by the President of the European Central Bank, Jean Claude Trichet, that will continue to monitor the evolution of inflation and its ambiguity over the purchase of government debt in several European countries had an impact on the way down. Meanwhile, the President of the European Commission, Jose Manuel Durao Barroso, called for the extension of the bailout Fund and warned of the possibility of the debt crisis will spread to other eurozone countries. Source of the news: Zapatero and Berlusconi request to accelerate the measures agreed on July 21 by the Eurogroup