Spain inches closer to seeking sovereign bailout

By REUTERS
August 3, 2012 16:24

MADRID - Spain inched closer to seeking a sovereign bailout on Friday as Prime Minister Mariano Rajoy opened the door to a request, although he said he needed first to know the attached conditions as well as the form the rescue would take.

At a news conference on Friday, the first he has attended after the weekly cabinet meeting since he took power in December, Rajoy said no decision could be taken until further details are agreed.

But he said he was ready to do what is best for the country.


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