'Eurogroup won't ask Spain for more measures' says Guindos

Finance ministers to discuss Spanish bailout

'Eurogroup won't ask Spain for more measures' says Guindos

(ANSA) - Nicosia, September 14 - Spain on Friday said the Eurogroup of finance ministers would not ask it for additional economic measures if the country requests financial assistance. The Eurogroup on Friday is set to discuss whether the heavily indebted country should ask for aid after the European Central Bank unveiled its unlimited bond-buying program last week, sharply easing pressure on Spain's borrowing costs. Spanish Finance Minister Luis De Guindos said that "the basic question" for Spain is whether it will meet commitments on public finances and reforms, while Friday's meeting was meant to address "in a broad manner" the details of the ECB's commitment. Both Spain and Italy saw their borrowing costs sink even further following Germany's decision Wednesday to approve the new European bailout fund, the ESM.

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