Spain is meeting conditions for funds: Rajoy

Spain will consider seeking extra aid from Europe on top of a €100bn rescue of its financial sector but does not see any need for new conditions, said prime minister Mariano Rajoy.

Rajoy said he wanted to see details of the ECB’s programme to buy debt of eurozone countries with high borrowing costs before deciding whether to proceed with a request. “If I believe it is good for Europe as a whole, for the euro, and for Spain, I will do it, and if not, not,” he said.

On Thursday, ECB board member Joerg Asmussen said the ECB should only buy sovereign bonds of troubled eurozone states if the IMF was involved in setting conditions.