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Spain has time to wait for clarity on EU aid: economy minister

From reuters.com

Spain has time to wait for clarity on what a full European rescue would involve as it has already covered the majority of its debt needs for the year, Economy Minister Luis de Guindos said in a newspaper interview published on Sunday. "We will find out the details and then we will draw up a precise calendar," de Guindos said when asked by ABC newspaper if Spain would ask for aid in September. "We've got time ... the Treasury is financing itself relatively well in the market, given the circumstances." Prime Minister Mariano Rajoy signaled for the first time on Friday that he may seek a full-blown aid package but said ... (full story)

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