A Spanish rescue program - completion of which would allow the ECB to commence its bond-purchase...

|By:, SA News Editor

A Spanish rescue program - completion of which would allow the ECB to commence its bond-purchase operation - is under backroom discussion and set to be unveiled next week, according to officials. The plan will be "pre-approved" by Brussels, helping to ease Spanish PM Rajoy's political issue of not wanting to request a bailout for fear of the strings that may be attached.