Spain considers that it will not use the safety net provided by the ECB

Jaime Garcia-Legaz, Spanish Secretary of State for Trade, reacts to announcements, Thursday, September 6, by Mario Draghi, President of the European Central Bank (ECB). The monetary institution could buy in the future of the State debt of the euro area on the resale market, but the only condition that the countries concerned to make calls in parallel to the European rescue fund (EFSF MES) and accepts the reforms required in return.

Spain will she use that offers rescue the European Central Bank (ECB)?

For the moment, no. What the President said and repeated that the government is not considering now the rescue.

In addition, yesterday there was an issue of public debt which went very well. There was a strong decline in interest rates, which means that the markets are now much more open and willing to finance the Treasury under much better conditions.

If you do not use the repurchase obligation proposed by the ECB brings positive to Spain of its decision?

Two very positive news. The first is that it dispels all doubts about the future of the euro vis-à-vis those who might think that the single currency project is in danger, the euro could disappear and be reborn as a strong euro a core group of countries only, and exclude others.

It remains outside any rational scenario and it is a message that the Germans defended themselves here yesterday during the Spanish-German summit.

The message was clear: the euro is sacred is our project and we have no plans at any time failure.

The second good news is that what stood yesterday, it's a safety net. We who are on the chord of the acrobat, we are confident that we will reach the other side without having to use it.

You tell us that we may fall. Well, we're going to do everything possible to not.

And Greece, will she fall for you?

Greece and Spain have nothing to do with any point of view or in terms of their size, their competitiveness, or structural problems, or force companies ...

But there is a safety net in case if a country needs is also good news, because the markets do not see the same way a country that has a safety net for a country that did has not. And now Spain has, as has Italy.

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