Spain will wait for clarity on rescue fund to ‘draw up a precise calendar’

Spain has time to wait for clarity on what a full European rescue would involve as it has already covered the majority of its debt needs for the year, economy minister Luis de Guindos said yesterday.

“We will find out the details and then we will draw up a precise calendar,” Mr de Guindos said when asked if the country would ask for aid in September.

“We’ve got time... the treasury is financing itself relatively well in the market, given the circumstances,” he said.