“TOKYO (Reuters) – Spain on Friday said a European bond-buying plan was fully ready for use and that there was absolutely no political resistance from within the euro zone to a Spanish bailout request.
The situation in Spain, which is considering seeking an aid program to ease financing pressure, dominated talks between finance ministers at the International Monetary Fund and World Bank semi-annual meetings in Tokyo.
The country is the latest epicenter of the euro zone debt crisis, which started nearly three years ago, and investors believe it won’t be able to deflate a big budget gap, control soaring debts and reform its economy without outside help.
“The instrument is real, not virtual. Because it is real, it is ready to be used at any moment,” Spanish Economy Minister Luis de Guindos said, referring to the European Central Bank’s promise of unlimited bond-buying to help debt-stricken states.”
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