Funds for Spain good news, but fundamentals still under stress: Prakriti Sofat
Prakriti Sofat, regional economist, Barclays Capital, says the markets are seeing a risk rally given the rate cuts in China last week and the positive news that there will be some injection of funds into Spain’s banks. She says that while infusion of funds into the system is good news, the fundamentals such as the debt to GDP ratio will remain under stress.
