Spanish Socialists move quickly to devalue peseta

A surprise move by the new Socialist government to devalue the peseta by 8 percent indicates a realistic attitude to Spain's economic problems, bankers and economists said.

The announcement by Economy, Commerce, and Finance Minister Miguel Boyer, barely 24 hours after he was sworn in by King Juan Carlos, was aimed mainly at curbing speculation against the Spanish currency.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK