The European Commission denied that it was preparing a rescue plan for Spain if necessary, Xinhua reports. The Commission is preparing anything, this is speculation,” a commission spokesman said, adding that “the last thing we wish is to feed the speculative rumors that can only contribute to increase nervousness and uncertainty in the markets.”

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.