Spain Doesn’t Need Bailout Despite Attack – Salgado – WSJ.com

Several euro-zone countries are under “systemic debt attack” but Spain isn’t in danger of needing a European bailout, the country’s Finance Minister Elena Salgado said Thursday.

Speaking in a radio interview, Salgado said Spain’s sustainability isn’t in question, despite a recent increase in borrowing costs. She also said market conditions would have improved if the latest upgrades to the European Financial Stability Facility had been implemented.
http://online.wsj.com/article/BT-CO-20111117-708557.html

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