Spanish Economy Minister: Govt doesn't have liquidity or financing problem despite coronavirus crisis
|Spanish Economy Minister Nadia Calvino said on Wednesday, the government doesn't have liquidity or financing problems despite the coronavirus crisis.
“There must be an EU system to share a debt to overcome coronavirus crisis,” she added.
Meanwhile, Spain’s March Manufacturing PMI slumped to 45.7 from 50.4 in February, the lowest since April 2013, on the coronavirus impact.
EUR/USD reaction
EUR/USD extends the drop below 1.1000, as downbeat Spanish PMI adds to the resurgent US dollar demand across the board, as a flight to safety remains the key theme due to looming virus risks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.