Michael Meister, the deputy floor leader of German Chancellor Angela Merkel’s Christian Democratic Union party, urged Spain to seek aid from the European Financial Stability Facility as quickly as possible, Rheinische Post said.
Every day that the Madrid government continues to wait “just makes the whole matter more expensive for all of us,” Meister said, according to an interview with the newspaper. If Spain doesn’t apply for aid soon, it will have to seek a bigger amount in a few weeks, Rheinische Post cited Meister as saying.
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