Reuters: China Boosts Euro, Spain Wins Austerity Vote
The euro rebounded
on Thursday after China reaffirmed its long-term strategy of
diversifying currency holdings away from the dollar and denied it was
reviewing its holdings of euro sovereign bonds.
Spain's minority socialist government won parliamentary backing for its austerity program by a single vote in a drive to cut its budget deficit and restore market confidence dented by the euro zone debt crisis that began in Greece.
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Spain's minority socialist government won parliamentary backing for its austerity program by a single vote in a drive to cut its budget deficit and restore market confidence dented by the euro zone debt crisis that began in Greece.
Read the entire article here.
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