Report Spain wants 280 bln euros aid is madness-PM

BRUSSELS Tue May 4, 2010 10:28am EDT

BRUSSELS May 4 (Reuters) - Spanish Prime Minister Jose Luis Rodriguez Zapatero on Tuesday dismissed as "complete madness" a market rumour that his country would soon ask for 280 billion euros in aid from the euro zone.

He also told a news conference in Brussels that such rumours could damage Spain's interests and that this would be "intolerable" and Spain would fight them.

He said he had confidence in Spain's public accounts and it was strongly solvent, but his country had to restructure its financial sector as soon as possible.

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