Spain Has Plan Might Involve Bailout Request

Spanish Finance Minister Luis de Guindos who last friday made the crowd laugh with his claim that “Spain doesn't need a bailout at all” was one of the centers of attention at the IMF and World Bank meetings in Tokyo.

This time around, Mr de Guindos did not go for a crowd pleaser and instead tried to reassured the participants that the ECB bond-buying plan is real. Not virtual. Real. Available now. Spain sees no political resistance from within the EU (it is rumoured Germany is making them wait). But when asked point blank when or if Spain will ask for the bailout he declined to answer. A lesson learned from his experience at the London School of Economics last week no doubt.