Spain will not seek in­ter­na­tional fi­nan­cial aid

The Pak Banker - - International3 -

PARIS: Spain's trou­bled econ­omy will not fol­low Greece and Ire­land in seek­ing in­ter­na­tional fi­nan­cial aid, Fi­nance Min­is­ter Elena Sal­gado said in a news­pa­per in­ter­view pub­lished Mon­day. Fol­low­ing weeks of mar­ket tur­bu­lence trig­gered by fears that Spain could be next in line for a fi­nan­cial de­ba­cle, Sal­gado em­phat­i­cally ruled out Madrid tak­ing a bailout. "No", she told Les Echos busi­ness news­pa­per, "be­cause our fun­da­men­tals do not jus­tify it." -Ap

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