Spanish PM Rajoy Says A Bailout Request Is Not Imminent

Mariano Rajoy

Photo: flickr / Partido Popular de Cantabria

Spanish Prime Minister Mariano Rajoy is speaking at a presser in Madrid about the government’s new deficit plan and negotiations with the Spanish regions.When asked during the Q&A whether a bailout request from Spain was imminent, Rajoy flatly replied:

“No.”

So much for that.

Yesterday, there was a strange Reuters report saying that Spain had finally come around to submitting a bailout request, but that Germany was the one holding things up.

Spanish bond yields remain elevated.

The S&P 500 fell off about 0.2 per cent after Rajoy’s comments.

ALSO: And Now Let Us Gasp In Horror At The Dismal Economic Situation In Spain >

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