MADRID, Oct 12 (Reuters) - Spanish Prime Minister Jose Luis Rodriguez Zapatero said the government has no immediate plans to inject capital into financial institutions, but it would do so in the future if needed.
'We don't need to inject money right now, but we will do it if it becomes necessary,' Zapatero told reporters at a press conference at the Spanish embassy in Paris following a meeting among the heads of countries sharing the euro currency plus Britain.
Spain will also guarantee five-year debt issues until the end of 2009, he said.
The guarantees are aimed at providing 'financial institutions the necessary instruments to keep up their economic activity' and will be put into effect immediately, Zapatero said.
(Reporting by Tracy Rucinski; editing by Gerald E. McCormick) Keywords: FINANCIAL ZAPATERO tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
'We don't need to inject money right now, but we will do it if it becomes necessary,' Zapatero told reporters at a press conference at the Spanish embassy in Paris following a meeting among the heads of countries sharing the euro currency plus Britain.
Spain will also guarantee five-year debt issues until the end of 2009, he said.
The guarantees are aimed at providing 'financial institutions the necessary instruments to keep up their economic activity' and will be put into effect immediately, Zapatero said.
(Reporting by Tracy Rucinski; editing by Gerald E. McCormick) Keywords: FINANCIAL ZAPATERO tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.