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Spain discussed BailOUT with Germany: report

Spain discussed bailout with Germany: report ( 10YR_ESP ) (by MarketWatch)

FRANKFURT (MarketWatch) -- Spain acknowledged earlier this week it might require a full bailout from the European Union and International Monetary Fund totaling 300 billion euros ($366 billion) unless its borrowing costs fell, Reuters reported Friday, citing an unnamed euro-zone official. The report said Economy Minister Luis de Guindos discussed the issue with German Finance Minister Wolfgang Schaeuble in a meeting in Berlin on Tuesday as the yield on Spain's 10-year bond (es:10yr_esp) traded near 7.6%, the report said. The official said Germany wasn't comfortable with the idea of a bailout now, Reuters reported. Publicly, Spain has repeatedly insisted it won't require a full bailout. The 10-year yield fell sharply Thursday on hopes the European Central Bank will take action to contain yields. The yield fell another 0.23 percentage point Friday to 6.67%, according to Tradeweb.

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Spain discussed BailOUT with Germany: report
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