Spain opposes bailout conditions.

He also said he had no objection to the International Monetary Fund monitoring Spanish compliance with the conditions for any assistance.

“The IMF is already monitoring our economy,” Helsingin Sanomat quoted Rajoy as saying in an interview during a visit to Madrid by Finnish Prime Minister Jyrki Katainen on Tuesday.

His comments indicated Spain may apply for a precautionary assistance programme under which the euro zone’s rescue funds could buy Spanish bonds at issue without the country being taken off the credit markets, rather than the kind of full sovereign bailout granted to Greece, Portugal and Ireland.

The conditions on a precautionary programme would be lighter, and the cost to the rescue funds of supporting the euro zone’s number four economy would be lower.


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