News Headline Summary

EU's Rehn says Spain has not requested a full bailout, but the EU would be ready to act on a request

Update details:

- The comments from Rehn follow the Spanish PM Rajoy yesterday suggesting that the Spanish government would not take the step of requesting aid without first confirming some details on how and to what extend financing costs would be reduced for the sovereign. As such, focus on the OMT turns to tomorrow's rate decision and subsequent press conference from the ECB President Draghi.

Print 13:32, 07 Nov 2012 - Economic commentary - Source: Newswires