Spain has no need of financial aid:
Spain has taken the correct financial steps to reassure the markets and so had no need of international financial aid, IMF chief Dominique Strauss-Kahn said in comments published Wednesday.
Spain will not rush to seek external aid to finance its debt, economy minister Luis de Guindos said today, adding that the country's banks would need €60 billion to clean up the toxic property assets on their balance sheets.