Bloomberg News

Schaeuble Says Spain Doesn’t Need a Bailout, Focus Reports

May 05, 2012

German Finance Minister Wolfgang Schaeuble deemed the lack of confidence by the financial markets in Spain as unjustified because the right steps are being taken to reform its economy, Focus magazine reported, citing the legislator in an interview.

Spain doesn’t need a bailout as it can master the challenges alone, the German magazine cited Schaeuble as saying.

To contact the reporter on this story: Angela Cullen in Frankfurt at acullen8@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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