Spanish PM Mariano Rajoy rejects the notion that the nation's banks should go cap in hand to the...

|By:, SA News Editor

Spanish PM Mariano Rajoy rejects the notion that the nation's banks should go cap in hand to the EU bailout fund, an idea that Francois Hollande apparently floated, although Rajoy is skeptical that he did. Another report says Spain turned down EU pressure to accept an IMF credit line to help strengthen the banks.