Spain 'has done its homework' on the economy: Merkel

3rd February 2011, Comments 0 comments

German Chancellor Angela Merkel on Thursday backed reforms undertaken by Spain to revive its economy and fend off the need for a bailout.

"Spain has really done its homework and for that reason I think Spain is on a very good path," she told a joint news conference with Spanish Prime Minister Jose Luis Rodriguez Zapatero, when asked whether Spain might need an Irish-style bailout.

© 2011 AFP

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