Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Spain Not Next In Line For Bailout, Madrid will assist Greece.

Spanish Finance Minister Elena Salgado, left, speaks with the media as she arrives for a meeting of the eurozone finance ministers in Madrid, on Friday, April 16, 2010. Debt-laden Greece has asked for more talks about a financial rescue plan put together by eurozone countries and the International Monetary Fund. (AP Photo/Virginia Mayo

Spain and Portugal are not next in line for a bailout, Spanish Finance Minister Elena Salgado said Saturday.

“No, absolutely not. We will help Greece,” she said on her way to a meeting of European Union finance ministers. “We are waiting (to see) whether Greece eventually will ask for aid, but that hasn’t been the case so far.”

Salgado, whose country currently holds the EU’s rotating six-month presidency, said that the sovereignty of national parliaments in Europe to set their own budget policy shouldn’t be substituted.READ MORE HERE.