European Finance Ministers Want an Answer From Spain

Unclear if the Spanish government will seek a bailout


Euro zone finance ministers want a clear cut answer from Spain whether it will seek financial support after Madrid's borrowing costs sharply lowered following the European Central Bank decision to buy bonds last week.

Will Spain ask for its bailout, so that the ECB's unlimited bond buying project can be launched? This question has recently been number 1 in Europe. The ECB has made it clear that a Spanish request for help from the euro zone's bailout fund, strict conditions and monitoring, is essential to trigger its bond-buying intervention in the secondary market.