Bloomberg News

SPAIN DAYBOOK: Rajoy in Parliament; May Retail Sales

June 26, 2012

Prime Minister Mariano Rajoy and other members of government answer questions in Parliament. The national statistics institute INE releases retails sales for May.

All times in CET (ET+6)

WHAT TO WATCH: * Question time in Parliament starting from 9 a.m.

GOVERNMENT: * Regional health chiefs meet Health Minister Ana Mato in Madrid to discuss budget cuts starting at 5 p.m.

ECONOMY: * INE releases May retail sales at 9 a.m., previous was -9.8 percent. * The central government had a budget deficit of 3.41 percent through May, compared with a 3.5 percent target for the full year, the budget ministry said yesterday.

EQUITIES: * Banca Civica yesterday said holders of EU880.2m of preferred shares, or 97.4%, accepted to swap the notes into subordinated mandatory convertible bonds.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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