Spain opposes bailout conditions

Investors have reacted warily to comments by Spain’s prime minister that he will not accept certain conditions in return for a European Central Bank (ECB) proposal to buy Spanish government bonds.

In his first televised interview since being elected in November, Mariano Rajoy warned that there are “certain red lines” he will not cross if Spain asks for help from the eurozone’s bailout funds, which would trigger the bond buying under strict conditions.