BERLIN, Nov 26 (Reuters) - Germany’s finance ministry on Friday rejected a newspaper report that Portugal was under pressure to apply for a financial bailout.
Financial Times Deutschland reported that euro zone nations and the European Central Bank were urging Portugal to apply for aid in order to save Spain from having to do the same.
The paper quoted a source in Germany’s finance ministry as saying: “If Portugal were to use the fund, it would be good for Spain, because the country is heavily exposed to Portugal.”
A spokesman for the German finance ministry said this was not Germany’s view and said Portugal was not being pressured.
“Exerting pressure is not a mechanism that is foreseen by the euro rescue shield,” he said, referring to the report.
Reporting by Dave Graham