Treasury Secretary Timothy Geithner and Spanish Vice President Soraya Saenz de Santamaría discussed the Spanish government's efforts to strengthen its financial sector amid speculation that the International Monetary Fund was considering a possible rescue loan for the country
Geithner and Saenz met for less than an hour in Washington after Saenz had met with IMF managing director Christine Lagarde
Stocks pared losses Thursday after the Wall Street Journal published a report that the IMF had started internal talks on a possible rescue loan for Spain
The IMF chief later denied there was no plan or request for a Spanish bailout
Geithner and Saenz also discussed the Spanish government's plans to support recovery and job creation and the "significant progress Spain has made on fiscal and structural reforms," said Kara Alaimo, a Treasury spokeswoman
