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Spanish Fin Min de Guindos discards full bailout for Spain

By FXstreet.com,  July 23, 2012, 09:26:00 AM EDT

FXstreet.com (San Francisco) - Luis de Guindos, Spanish finance ministry, has affirmed that SPain won't need to ask for bailout in the coming days. He also stated that the premium risk is rocking due to the "situation of irrationality in the markets."

De Guindos was testifying in the Congress about the "Financial aid" recieved from the EU. Meanwhile, the Spanish debt cost is hiking again on Monday with the 10Y bonds reaching highs of 7.57% and currently being at 7.51% with a 635 points as differential with Germany.

In this line, Germany finance minister Wolfgang Schäuble will meet Luis de Guindos on Tuesday to talks on crisis and spiralling bond yields. According to source, Spain woud ask €300 billion bailout from the EU and the IMF.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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