Spain's Economy Minister Luis De Guindos Monday said
nobody has pressured Spain to request a new finance rescue and the
country's treasury is "well financed" for this year.
"It (Spain) is doing all the possible effort" to clean its bank
system and to make all the necessary budget adjustments," said De
Guindos, who is taking part in the G20 Finance Ministers and Central
Banks' Governors held in Mexico City.
"There hasn't been any kind of pressures, and there won't be. The
government could not accept them," De Guindos said at a press
conference, reaffirming the position of Spain's Prime Minister
Mariano Rajoy of not requesting international support to pay the
country's debts.
The minister said Spain has a situation of "relatively loose
liquidity" for the rest of the year.
Hence, the Spanish minister rejected that Spain will request in
the short term a new rescue, as some sources from G20 recently said.
In the last days, European sources affirmed Spain could appeal to
a bond-buying program from the European Central Bank to clean its
finances.
The European Central Bank conceded a loan for up to 125 billion
U.S. dollars to clean the Spanish troublesome bank sector, after in
the last half year several financial institutions in that country
recognized lack of liquidity.
The Spanish government analyzes all the implications, said De
Guindos, "and when it considers it's proper, it will take a proper
decision."
Spain is suffering its second recession in the last three years,
where unemployment is higher than 25 percent.
