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Spain's PM says does not rule out asking for European aid
December 28, 2012 / 1:26 PM / 5 years ago

Spain's PM says does not rule out asking for European aid

MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy said on Friday he did not rule out tapping the European Central Bank’s bond-buying programme for troubled euro zone governments but said Spain did not expect to have to ask for aid for now.

Spanish Prime Minister Mariano Rajoy speaks during a news conference after the weekly cabinet meeting in Moncloa Palace in Madrid December 28, 2012. REUTERS/Juan Medina

“We are not thinking of asking the European Central Bank to intervene and buy bonds in the secondary market,” he said at a news conference in Madrid. “But we can’t rule it out in the future.”

Rajoy said ECB President Mario Draghi’s bond-buying plan had had a calming effect on markets after a tumultuous year. Spain faced a tough year ahead, especially in the first half, he said.

Reporting by Sonya Dowsett; Editing by Clare Kane

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