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Added on the 03/11/2015 17:54:44 - Copyright : Zoomin EN
Madrid, Sep 15 (EFE).- The Spanish stock market has lost 1.65% this Wednesday, the largest drop in almost two months that places it at unknown levels since the end of July, affected again by the decline in the electricity sector and by Wall Street's doubts, according to market data.FOOTAGE OF THE SPANISH STOCK EXCHANGE MARKET.
Spain's King Felipe VI meets with the country's party leaders in a bid to break an impasse over the formation of a new government following inconclusive elections last month. Acting Prime Minister Pedro Sanchez has headed a caretaker government with reduced powers since a July 23 general election produced a hung parliament, in which a ruling majority cannot easily be formed. While his Socialist party finished second behind the conservative Popular Party (PP), it is better positioned as it has more potential partners. IMAGES
The European Central Bank unveils a new crisis-fighting tool to keep the borrowing costs of indebted eurozone governments like Italy under control as interest rates rise for the first time in a decade. Dubbed the "Transmission Protection Instrument (TPI)", the targeted bond-buying scheme "can be activated to counter unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across the euro area," says ECB President Christine Lagarde. SOUNDBITE by Christine Lagarde, President of the ECB
"We meet in the midst of the most serious security crisis we have faced since the Second World War" says NATO secretary general Stoltenberg on the first day of the NATO summit in Madrid, as the alliance overhauls its defences in response to the war on Ukraine. SOUNDBITE
Members of the main Spanish trade and employment unions hold a demonstration protesting against the rising cost of living. Record inflation levels have fuelled growing anger with Spain's left-wing government as energy prices go through the roof. IMAGES
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