Brussels

Rajoy downplays likelihood of bailout request, spreads down

'Request for help is mine to make if necessary' says Spain PM

Rajoy downplays likelihood of bailout request, spreads down

(ANSA) - Brussels, October 19 - Spanish Premier Mariano Rajoy upset investors Friday by indicating at a European Union summit his country would not ask for a bailout anytime soon. "My colleagues said something very reasonable, which is that a request for help is mine to make, if and when it is necessary," he said. The spread between Italian 10-year bonds and the German benchmark bund climbed after his remarks to 318 points, reversing a downward trend that was approaching 300 in early trading. The equivalent Spanish spread, an important indicator of investor faith in the country's ability to weather the euro crisis, climbed four points to 375.

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