In an interview, ECB policymaker Ewald Nowotny affirmed that Spain is currently in a position where it can easily get new financing for its debts by introducing different terms in markets.
Further Nowotny suggested that reports regarding its situation point out that that the country currently needs no aid from European Central Bank's new bond-buying programme. Rather, before asking opting for the programme, it should try to refinance itself as it doesn't face similar structural challenges as faced by Greece.