Spain may only use €60B of EU bank rescue fund

MADRID (MarketWatch)
Spain could only tap about 60 billion euros ($75 billion) from a €100 billion banking rescue fund from the European Union, Spanish Finance Minister Luis de Guindos said in an interview with the New York Times published Sunday                                
Mr. De Guindos also said that he was confident that the European Central Bank would take action in the secondary bond market to lower Spain's borrowing costs, adding that Spain would likely "give reassurance to the ECB" that it would continue with its fiscal consolidation efforts                                
Mr. De Guindos also said that whether Spain will request a new rescue package from the European Union "is something that is totally open."