Spain’s Prime Minister Mariano Rajoy has said he will not accept outside conditions over a possible bailout. Mr Rajoy made the pledge in his first television interview since taking office. But he said no decision to request a bailout had been taken.
Last week, the president of the European Central Bank (ECB) unveiled plans to buy bonds from indebted countries – under bailout conditions. Mario Draghi said the ECB would provide a “fully effective backstop”.
The aim of the programme was to cut the borrowing costs of debt-burdened eurozone members by buying their bonds.  The Spanish government’s implied borrowing costs fell sharply after the announcement.
via BBC
