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Fekter: „Spain is No Bail-Out Candidate“

Published: August 31, 2012; 23:28 · (Vindobona)

Austria´s Finance Minister Fekter says that only Spain´s banks may need help from the EU.

Fekter: „Spain is No Bail-Out Candidate“ / Picture: © ÖVP Bundespartei / Jacob Glaser

For Fekter, the Spanish state is no potential threat for Europe. “We only have signals from Spain that only the banks may need help.” Fekter told to Reuters.

Fekter underlined that Spain would be on the right track. The Spanish government would manage the banking crisis and the debt crisis of its autonomous regions. Like Italy, Spain would be able to conquer the crisis on its own, Fekter argued. Also Italy would show some substantial progress.

All in all, Fekter demonstrates optimism that the Eurozone will not collapse. “I will fight for that.” She emphasized.