Summary Spain's PM says his country has no need of a bailout from the eurozone to fix its public finances.
MADRID - Spain s Prime Minister Mariano Rajoy insisted Friday that his country currently had no need of a bailout from the eurozone to fix its public finances.
This indicated that Spanish banks were finding it easier to raise money on regular financial markets, a sign of recovering confidence in the sector whose collapse has fuelled a bitter recession in Spain.
Other data from the Spanish central bank Friday showed that Spain s public debt rose to a fresh record at 77.4 percent of gross domestic product in September and was forecast to reach at least 85.3 percent by the end of 2012.
