• Sharp rise in Spanish spreads not justified
  • Economy maintains recovery despite market turbulence
  • Significant non-resident participation in bond. bill sales in last 2 months
  • Euro zone finance ministers working to approve July 21 accord by beginning of Sept
  • ECB bond buying programme can only be transitory
  • New economic measures to ensure meeting deficit targets, job creation
  • Govt firm on decision to meet deficit target of 6% of GDP this year
  • Agreement with political parties on cost control is possible