Analysis: German hint of Greek debt relief raises euro hopes

The head of Austria's central bank, Ewald Nowotny, and German finance minister Wolfgang Schaeuble have both made statements over this weekend that affect bailout options for Spain. In particular, Nowotny says Spain must seek help before ECB buys bonds. Spain would have to apply for a rescue package before qualifying for inclusion in the European Central Bank's plan to buy debt of struggling euro zone members, ECB policymaker Ewald Nowotny said.

Source: http://www.bullfax.com/?q=node-analysis-german-hint-greek-debt-relief-raises-euro-ho-0

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