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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