ECB'S Nowotny says Spain has no immediate need of help

domingo 28 de octubre de 2012 11:48 CET

VIENNA Oct 28 (Reuters) - Spain has no immediate need of help from the European Central Bank's new bond-buying programme and should see to what it extent it manages to refinance itself on the markets before making a request for aid, ECB policymaker Ewald Nowotny said.

Spain does not have the structural problems that Greece has and is right to put its house in order before looking for external help, Nowotny said in an interview on Austrian ORF television on Sunday.

Nowotny added that it would be sensible to give Greece more time to meet the conditions of its bailout package, because the alternative - a possible collapse of the euro zone - would be too dangerous. (Reporting by Georgina Prodhan; Editing by Hans-Juergen Peters)