Spain has ruled out asking for EU bailout funds as pressure grows on the government.
It comes after an influential Spanish business group urged Prime Minister Mariano Rajoy to take a decision as soon as possible to bring relief to the recession-gripped country.
But Spain’s Deputy Prime Minister, Soraya Sáenz de Santamaría, said the government is willing to play the waiting game: “There are decisions that you cannot take in a hurry, not even from one day to another. The implications are very important for our country and for our future.”
The opposition Socialists have also called on the government to take some action with the country struggling under the weight of austerity measures.
Alfredo Perez Rubalcaba said he wanted the government to go to Brussels and make the point that it can not impose any tougher measures that do not bring any results: “We must take the right steps because Spain needs to rid itself of some pressure,” he added.
But Spain is unlikely to yield to internal calls ahead of two crucial dates this month, including the results of an audit of its troubled banks and Moody’s credit rating agency’s next review.
The government is also facing two challenging regional elections in October.
Copyright © 2014 euronewsMore about:
- 1Footage released of 9-year-old on firing range moments before she accidently kills instructor
- 2Boston bombing suspects’ sister arrested
- 3Islamists seize border post between Syria and Israeli-occupied Golan Heights
- 4Poroshenko says Russian soldiers have been ‘brought into Ukraine’
- 5Canada sends hilarious barb to Russia over Ukraine ‘incursions’
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 2Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 3China executes eight Muslims convicted of terrorism | euronews, world news
- 4Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 5Everything you need to know about the Ebola virus | euronews, world news
- 6Hoverbike on the horizon | euronews, hi-tech
- 7Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 8Massive Swedish forest fire is declared a national emergency | euronews, world news
- 9Risk of fresh ash cloud threatens European air travel | euronews, world news
- 10Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 11Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 12Beyond the subconscious | euronews, futuris
- 13Bardarbunga volcano in Iceland continues to rumble | euronews, world news
- 14Poland wants compensation from the EU for Russian import ban | euronews, world news
- 15EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 16Romania buys into bitcoin big time | euronews, corporate
- 17Greek farmers suffer in economic war between Russia and EU | euronews, economy
- 18Turkey’s women have the last laugh | euronews, world news
- 19Hamas executes 18 suspected collaborators | euronews, world news
- 20Turkish ferry makes high-speed final landing | euronews, no comment
Wires > News
- 14:01 CET South Africa finds four guilty of shooting Rwandan exile
- 12:21 CET North Korean leader’s money manager defects in Russia – South…
- 12:17 CET New Turkish cabinet spells little major policy shift
- 12:13 CET Guinean security forces break up riot in Ebola-racked south
- 12:08 CET Iran’s foreign minister hopes for nuclear accord ‘in short time…
- 11:52 CET Iceland volcano alert at red after small eruption, no ash detected
- 11:24 CET Executive asks for firm’s name to be removed from pro-Scottish…
- 11:13 CET Hong Kong media mogul unbowed by raid as democracy battle boils