Spain's PM considers ECB bond programme -reports

HELSINKI, Sept 12 Wed Sep 12, 2012 12:45am EDT

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HELSINKI, Sept 12 (Reuters) - Spain is considering asking help from the European Central Bank's bond-buying programme but is not planning a full sovereign bailout, Prime Minister Mariano Rajoy was quoted as saying on Wednesday in Finnish newspapers.

Last week the ECB agreed to launch a new bond-buying programme to lower struggling euro zone countries' borrowing costs.

"In addition to growth, the only option I am considering is using the central bank's announced mechanism," Rajoy said, according to Helsingin Sanomat.

"It is completely outruled that we would ask for a bailout for the whole country," he told business daily Kauppalehti.

Helsingin Sanomat and Kauppalehti interviewed Rajoy on Tuesday in Madrid.

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