Spain will not be next in line for a rescue package from Europe, but a common economic policy is needed to support a single currency, Spanish Economy Minister Elena Salgado told BBC Radio on Friday.
Salgado also said Spain would reduce the number of its banks.
Spain is quickly moving into the eye of the storm in Europe’s debt crisis and its cost of borrowing has risen. The country’s Prime Minister Jose Luis Rodriguez Zapatero on Thursday also insisted Spain would not need rescue funds but the closer fiscal integration was needed.
(Reporting by Mohammed Abbas: Editing by Mike Peacock)
Copyright 2026 Reuters. Click for restrictions.
Topics Europe
Was this article valuable?
Here are more articles you may enjoy.
Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk 
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it 
Judge Throws Out Bulk of Economic Claims Over Baltimore Bridge Tragedy 
Russian-Speaking Cybercriminals Used SpaceX’s Cursor AI Tool to Hack 7 Companies 
