Spain says no reason for contagion from Ireland, Portugal

Spanish Finance Minister Elena Salgado said Tuesday there is “no reason” for Spain to be impacted by a debt crisis that has rocked Ireland and Portugal.

“The situation in Spain is and will continue to be completely different,” she told reporters as she entered parliament, adding there is “absolutely no reason” to compare the situation in the two countries with Spain.

“We have adopted (austerity) measures in May and we are applying them.”