Market conditions do not warrant a Spanish bailout request: official

Published October 05, 2012

| Reuters

Market conditions are not bad enough to make Spain request any kind of financing help from the euro zone, a senior euro zone official said on Friday.

"If you look at the current market situation, I see no need for Spain to apply for any program. The market situation is far away from any need for a full macroeconomic program," the senior official, with knowledge of preparations for euro zone finance ministers discussions, said.

(Reporting by Jan Strupczewski and Robin Emmott)

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