German finance chief warns Spain against seeking extra bailout funds

German Finance Minister Wolfgang Schaeuble discouraged Spain from seeking a full international bailout, saying another request for outside aid risked a new round of financial market turmoil.

"I'm not in the camp that says 'take the money'," Schaeuble said, when asked about moves to press Prime Minister Mariano Rajoy's government to seek more aid.

Spain "would be daft" to ask for a bailout on top of the €100 billion (HK$1.01 trillion) for its banks if it did not need it, he said.

via Business feed http://www.scmp.com/business/economy/article/1037242/german-finance-chief-warns-spain-against-seeking-extra-bailout