AP News

News Summary: Spain nudged to take up bond plan


SUBTLE HINT: European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."

THE DETAILS: The ECB chief said at a news conference in Brdo Pri Kranju, Slovenia, on Thursday that Spain had made "significant progress" toward getting its finances under control But he said it was up to Spain to decide whether to seek help.

THE OUTLOOK: The central bank left its key interest rate for the 17 countries that use the euro unchanged at a record low 0.75 percent. That underscored the bank's message that it had already taken steps to rescue the euro from collapse.


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