Spain’s Rajoy says he needs clarification

Posted on Aug 3, 2012 in Business | 0 comments

Spanish Prime Minister Mariano Rajoy said he needs clarification on European Central Bank policy before deciding whether or not to apply for international aid.

On Thursday, ECB President Mario Draghi said individual countries must apply for funds from the European Financial Stability Fund/European Stability Mechanism before the central bank of the eurozone would employ “non-conventional measures.”

The Guardian reported Friday that Rajoy wants clarification on “non-conventional measures” before applying for assistance.

In Rajoy”s words, he “hasn”t made any decision,” The Daily Telegraph reported.

Copyright 2012 by United Press International