Spain 'potential' candidate for EU debt aid: German minister

19th May 2010, Comments 0 comments

Spain is one of the "potential" candidate countries for tapping a 750 billion euro package eurozone countries agreed earlier this month to help debt-ridden members, a German minister said Wednesday.

"Spain is in a very difficult situation because it is potentially concerned" by the debt relief package," said Interior Minister Thomas de Maziere, who is considered to be close to Chancellor Angela Merkel.

De Maiziere, who was speaking to group of European correspondents in Berlin, stood in for Finance Minister Wolfgang Schaeuble earlier this month when eurozone finance ministers thrashed out the rescue package.

With Schaeuble hospitalised, the ministers raced on May 10 to put together the trillion dollar package to ward off market fears that Greece's debt crisis could spiral out of control and spread to other highly indebted countries like Spain.

De Maiziere also said he did not want to "bring any judgement on foreign governments" and did not want with "public statements to provoke situations we want to avoid."

In the German parliament some lawmakers also beginning to fear that Spain could be next in line to request aid from its eurozone partners.

"Spain could be the next to seek aid" said lawmaker Thomas Silberhorn, a member of Merkel's Christian Democrats and the parliament's European affairs commission.

© 2010 AFP

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