ECB: Spain Will Not Need Bailout

Spain is not in the same class as the stressed peripheral trio of Greece, Ireland and Portugal, European Central Bank Governing Council member Yves Mersch said in a German newspaper interview published Tuesday afternoon. Asked by the Frankfurter Allgemeine Zeitung whether he thought Spain would need a bailout, Mersch replied: “In Spain we have a different case. Spain has a much lower public debt than Greece, Ireland and Portugal.” – iMarketNews

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