Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

'Spain does not need rescue funds' : De Guindos

Source: Reuters - Fri 20th Apr 2012
'Spain does not need rescue funds' : De Guindos

Spain does not need to tap the euro zone's rescue fund to shore up its banks, the country's economy minister, Luis de Guindos, was quoted as saying on Friday.

De Guindos met with ECB President Mario Draghi and the ECB's Executive Board earlier this week to discuss Spain's finances as pressure mounts on it in financial markets amid fears it will not be able to get its debts under control.

In an interview with German business newspaper Handelsblatt published on Friday, de Guindos reiterated the message from Spanish authorities that the country does not need a bailout.

"We will need no money from the rescue funds to refinance the banks," de Guindos said, adding that Spain had been penalised by financial markets in recent weeks as fears about a deeper-than-expected European recession had grown.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs