Spain PM denies bailout call 'imminent' | Bangkok Post: news

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Spain PM denies bailout call 'imminent'

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Spanish Prime Minister Mariano Rajoy has denied the country was planning an "imminent" demand for a sovereign bailout from the eurozone to end its financial crisis. 

Spanish police keep watch over a demonstration against the government's spending cuts in Madrid. Prime Minister Mariano Rajoy passed tough budget measures in the face of mass street protests.

Market analysts said Spain might call for help within days to stabilise its public finances, but European officials cast doubt on that Tuesday, saying that key players were still far from agreement.

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