October 31, 2012 / 8:47 AM / 7 years ago

Spain's Rajoy says crisis needs domestic and European solutions

Spanish Prime Minister Mariano Rajoy waits at the Spanish parliament before delivering a speech on the results of the last European council, in Madrid October 31, 2012. REUTERS/Andrea Comas

MADRID (Reuters) - Spain will come out of its current crisis through a combination of domestic reforms and policy decisions taken at a European level, Spanish Prime Minister Mariano Rajoy said in parliament on Wednesday.

“Overcoming the crisis depends on national reforms but also European policies,” Rajoy said.

The Spanish leader has kept financial markets guessing as to whether he will ask for a financial rescue from the European Union.

“The European Union is moving, but at a pace that can seem desperately slow to some of us,” he also said.

Reporting by Clare Kane; Editing by Tracy Rucinski

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