Spain Won’t Be Rescued by EU, Minister De Guindos Says

We've heard this story before.  I think a Sun Tzu quote sums it up best, "Appear weak when you are strong, and strong when you are weak."  There would be no need for such remarks if the economy wasn't already cracking.

 BN 07/23 10:50 *GUINDOS SAYS SPAIN DOESN'T HAVE PROBLEMS OF BAILED OUT NATIONS
 BN 07/23 10:50 *GUINDOS SAYS SPAIN MUST ACCELERATE CORRECTION OF IMBALANCES
 BN 07/23 10:50 *GUINDOS SAYS SPAIN HAS CAPACITY TO GROW
 BN 07/23 10:50 *GUINDOS SAYS SPAIN WON'T BE RESCUED
 BN 07/23 10:47 *GUINDOS SAYS CURRENT YIELDS DON'T ALLOW SPAIN TIME IT NEEDS
 BN 07/23 10:46 *GUINDOS SAYS SPAIN NEEDS TIME, FINANCING
 BN 07/23 10:46 *GUINDOS SAYS DELEVERAGING MUST BE ACCELERATED
 BN 07/23 10:46 *SPANISH ECONOMY MINISTER LUIS DE GUINDOS SPEAKS IN PARLIAMENT
 BN 07/23 10:46 *GUINDOS SAYS DELEVERAGING IS PAINFUL PROCESS
 BN 07/23 10:43 *GUINDOS: SPAIN IS A SOLVENT COUNTRY


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Spain Won’t Be Rescued by EU, Minister De Guindos Says
2012-07-23 10:53:17.662 GMT


By Emma Ross-Thomas
     July 23 (Bloomberg) -- Spain won’t be rescued by the EU as the country doesn’t have the same problems that the bailed-out euro members have, Economy Minister Luis de Guindos says.
  * Spain has the capacity to grow, de Guindos says in  Parliamentary committee today in Madrid