Spanish Economy Minister Says Spain Does Not Need a Bailout

Trying to put a lid on rumors to the contrary

Spain's economy minister Luis de Guindos has denied that his country needs a bailout.

His speech in London was interrupted by a group of protesters who waved placards saying "Spain for sale" - opposition to austerity cuts is high in the eurozone's fourth-largest economy.

Rumours have circulated that Spain will ask for a bailout, as soon as this weekend.

But he said: "Spain does not need a bailout at all."