You can't fool the students at the London School of Economics.
Spanish finance minister Luis de Guindos took to the stage at the London School of Economics and told students and economics professors,“Spain doesn’t need a bailout at all."
The room burst into laughter. http://www.cnbc.com/id/49298217
Unemployment in Spain is near 25%, and businesses, large and small, are leaving the country, causing government tax revenue to contract.
It is only a matter of time before de Guindos makes the call to European Central Bank president Mario Draghi for bailout money.
File under: Nothing is confirmed until officially denied.
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