Market Commentary and Intraday News

Spanish Govt., EU In Talks Over Bailout Plan: Report

246 days ago

(RTTNews) - The Spanish government and the European Commission are in talks over measures that would be demanded by creditors if the country places an official bailout request, Financial Times reported Thursday citing unnamed officials involved in discussions.

According to the newspaper, the plan will be unveiled next Thursday and will focus on structural reforms rather than new taxes and spending cuts.

FT said according to one source, negotiations have been conducted directly with Spanish Finance Minister Luis de Guindos.

The approval of the plan by EU ahead of its release on Thursday is expected to ease pressure on Prime Minister Mariano Rajoy, who appeared to be concerned over the possibility that the creditors may demand tougher measures in return for a bailout, the daily said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2012 RTTNews.com. All Rights Reserved

View all of today's news »