Draghi puts the ball in Spain's court on ECB bond-buying

The European Central Bank is ready to deploy its new bond-buying scheme if Spain requests it and signs up to "conditionality," which would not be any harsher than what the country is already doing, European Central Bank (ECB) chief Mario Draghi said on Thursday (4 October)....
For the bond-buying to take place, however, the Spanish government has first to ask for the financial assistance and to sign a memorandum of understanding with eurozone finance ministers, outlining deadlines for ongoing fiscal and labour market reforms. [...]
Draghi made it clear that the strings attached do not have to be harsher than the austerity measures already underway in Spain.

Draghi puts the ball in Spain's court on ECB bond-buying