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Spain not in talks over European sovereign aid

Source: Reuters - Sat 25th Aug 2012
Spain not in talks over European sovereign aid

Spain is not in talks with the euro zone over financial assistance to lower its borrowing costs, Spain's deputy prime minister said on Friday.

"The spokesman for Economic Affairs of the European Commission, in case there was any doubt, signalled that the Commission was not maintaining any negotiation with Spain beyond the aid to the banks," Soraya Saenz de Santamaria said at a news conference after the weekly cabinet meeting.

"There is no negotiation under way... The spokesman for economic affairs says it and I confirm it today."

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