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.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza