SPAIN’S finance minister flew to London for emergency talks with bondholders yesterday as debt markets grew fearful over the country’s ability to finance itself.
Elena Salgado met with fixed income houses, thought to include M&G and Standard Life, to reiterate the Spanish government’s promise to severely rein in its budget deficit to three per cent of GDP by 2013.
Even as she spoke, the cost of insuring against Madrid’s gilts through credit
