Spain 'will not rush' for external aid
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.
Spain has no need of international financial aid, having taken the correct steps to reassure the markets of its financial situation, IMF chief Dominique Strauss-Kahn said in comments published Wednesday.