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:
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.