The Straits Times
Published on Sep 09, 2012

Spaniards see European rescue as inevitable: Poll


MADRID (REUTERS) - The vast majority of Spaniards believe it is inevitable the country will be rescued by the European Union as their confidence in the government continues to slide, according to a poll published on Sunday.

Seventy-two per cent of those questioned by polling agency Metroscopia thought Spain would be rescued by the EU, up from 62 per cent who believed the same a month ago.

Spain fell back into recession at the end of last year and is contemplating a European rescue package to bring its financing costs down and help it meet its budget deficit target.

Having already agreed to European aid for its banks, Madrid says it is in no hurry to seek further help, but it will discuss conditions attached to the European Central Bank's new bond-buying programme with euro zone finance ministers this week.