Spanish economic figures are encouraging – Germany’s Schaeuble

FXStreet (Mumbai) - The German finance minister Schaeuble on Tuesday stated that economic figures out of Spain are encouraging, though EU’s Moscovici said yesterday that Spain was at a risk of missing its budget target.

Meanwhile, the European Commission’s (EC) Costello was on the wires stating that the European Union is discussing the scale of a debt relief program from Greece.

He further added that there is a need for Greek debt restricting and that the Greek program has a good chance of success.