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.
Most Popular Stories
- Chobani Counters Competition With Expanded Lineup
- Iran Denounces U.S. Ruling to Sell Property
- Confusion, Anger as Sunken Ferry's Relatives Wait
- Nevada Range Showdown Draws Armed Supporters
- Report: Iran VP Says Row Over Reactor Resolved
- Fiat Chrysler to Build 3 Jeeps in China
- Putin: No Blocks to Boosting Relations With West
- Ohio Couple Married 70 Years, Die 15 Hours Apart
- NASA's Space Station Robonaut Finally Getting Legs
- 'Beige Book' Federal Reserve Survey, April 2014: Full Text