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Pedro Solbes



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Spain injects €11bn into struggling economy

... this has happened in 15 years. But the country’s scope for more fiscal stimulus is “reduced,” said Pedro Solbes, Spain’s Economy Minister. “I’ve always said that the margin for fiscal measures is reduced and I’m still saying that,” Mr Solbes said. He welcomed the European Commission’s proposed 200 billion euro stimulus plan for the EU economy unveiled on Tuesday. “What’s new...

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Spain PM does not rule out Russian stake in Repsol

... held by Criteria Caixa Corp., which is part of savings bank La Caixa.Last week, Finance Minister Pedro Solbes expressed reservations when the Russian government said state-owned energy company Gazprom was interested in buying a stake Repsol.Prime Minister Jose Luis Rodriguez Zapatero noted an acquisition by Lukoil would be different. "We are talking about private companies," he told...

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Spain PM does not rule out Russian stake in Repsol

... held by Criteria Caixa Corp., which is part of savings bank La Caixa.Last week, Finance Minister Pedro Solbes expressed reservations when the Russian government said state-owned energy company Gazprom was interested in buying a stake Repsol.Prime Minister Jose Luis Rodriguez Zapatero noted an acquisition by Lukoil would be different. "We are talking about private companies," he told...

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Spain concerned over possible Russian control of oil firm - Summary

... Repsol "independent and Spanish," Industry Minister Miguel Sebastian said, while Economy Minister Pedro Solbes declined to comment. Spanish national radio earlier reported that Lukoil was targeting a stake of nearly 30 per cent in Repsol, including a 20-per-cent stake held by the construction company Sacyr Vallehermoso, which has been hit by Spain's construction crisis. A Sacyr spokesperson...

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Spain concerned over possible Russian control of oil firm - Summary

... Repsol "independent and Spanish," Industry Minister Miguel Sebastian said, while Economy Minister Pedro Solbes declined to comment. Spanish national radio earlier reported that Lukoil was targeting a stake of nearly 30 per cent in Repsol, including a 20-per-cent stake held by the construction company Sacyr Vallehermoso, which has been hit by Spain's construction crisis. A Sacyr spokesperson...

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Spain shocked by Russian move to buy stake in its energy giant Repsol

... companies and them being bought by state-run firms goes against the grain," the Finance Minister Pedro Solbes said. "It's an enormously delicate matter."Spain's Prime Minister, Jose Luis Rodriguez Zapatero, took no official view, apparently considering the matter a purely business operation. "The government considers it only a declaration of intent, and in any case an operation between...

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Spain shocked by Russian move to buy stake in its energy giant Repsol

... companies and them being bought by state-run firms goes against the grain," the Finance Minister Pedro Solbes said. "It's an enormously delicate matter."Spain's Prime Minister, Jose Luis Rodriguez Zapatero, took no official view, apparently considering the matter a purely business operation. "The government considers it only a declaration of intent, and in any case an operation between...

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Spanish government wins support for budget despite crisis

... conservative People's Party (PP) and the Catalan regionalist CiU have argued. Economy Minister Pedro Solbes, however, said the budget was "rigorous, austere" and comprised adequate measures to protect citizens affected by the crisis. The Basque Nationalist Party (PNV) gave its backing to the government in exchange for more than 100 million euros (130 million dollars) annually for...