La Spain corrects his own upwards growth forecasts for 2014. According to new estimates from Madrid, the country's GDP will grow by next year 0,7%, against the +0,5% indicated in the previous projection.
Furthermore, the Spanish Government believes that the unemployment it will be lower than that estimated so far for this year and next.
Finally, Soraya Saenz de Santamaria, deputy prime minister, announced today that she has given the green light to the reform of the public pension system.
On the side of spread, today Spain overtook Italy again. The differential in Madrid marked 255 basis points in the early afternoon, against the 260 points that separate the rates of 10-year BTPs from the equivalent German Bunds.
