{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Rajoy says no decision on financial aid until ECB is clear on measures to tackle crisis' data-url='/boclips/videos/5c54bf23d8eafeecae140da2' data-video-url='/boclips/videos/5c54bf23d8eafeecae140da2' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nRajoy says no decision on financial aid until ECB is clear on measures to tackle crisis\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eSpanish Prime Minister Mariano Rajoy said Friday he has not yet taken a decision on whether to ask for outside financial help for his country's ailing economy. He said he wouldn't do anything until the European Central Bank is clear on...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eSpanish Prime Minister Mariano Rajoy said Friday he has not yet taken a decision on whether to ask for outside financial help for his country's ailing economy. \u003cbr/\u003eHe said he wouldn't do anything until the European Central Bank is clear on what measures it intends to take to tackle the eurozone crisis.\u003cbr/\u003eThe remark is probably the closest he has come to admitting that help of some sort could be on the cards after months firmly denying his country will need a bailout.\u003cbr/\u003e\"I haven't made a decision (on a bailout) yet,\" Rajoy told reporters after a cabinet meeting. \u003cbr/\u003eHe was speaking a day after the European Central Bank warned it would only help the country if it applied for rescue aid.\u003cbr/\u003e\"I want to know what those measures are, to know what they mean, to know what their aim is, to know if they are appropriate and then, depending on the circumstances, we will make one decision or another,\" said Rajoy.\u003cbr/\u003eThe ECB's announcement initially sent Spain's borrowing costs spiraling again as investors expressed their disappointment and continuing concern over whether Spain can manage its finances and pay its debts.\u003cbr/\u003eThe interest rate, or yield, on Spain's benchmark 10-year bond was at 6.95 per cent just after Rajoy spoke. \u003cbr/\u003eSuch rates are unsustainable over the long term and could likely push Spain to seek a bailout, deepening Europe's financial woes and sending repercussions to economies beyond the continent.\u003cbr/\u003eThe yield had dropped to 6.5 per cent last week after ECB chief Mario Draghi first intimated he would apply measures that would help ease the pressure on borrowing costs. \u003cbr/\u003eBy comparison, the rate demanded by investors for Germany's more trusted 10-year bond was 1.34 percent.\u003cbr/\u003eRajoy said he had sent a letter to European Council President Herman Van Rompuy and his European Commission counterpart, Jose Manuel Durao Barroso, urging for recent proposals for greater EU banking union to be approved in December.\u003cbr/\u003eSpain has been granted a loan of up to 100 billion (b) euros (123 billion (b) US dollars) for banks laden down with toxic assets following the bursting of a real estate bubble in 2008. \u003cbr/\u003eProgress on EU banking and fiscal unity could help it get that money passed straight to the banks soon and not form part of its already heavy sovereign debt burden.\u003cbr/\u003eGreece, Ireland, Portugal and Cyprus have already sought bailouts but a Spanish sovereign rescue package would seriously test the European Union's coffers as it is the fourth largest economy of the 17 nations using the single euro currency.\u003cbr/\u003e1. Wide pan of Spanish Prime Minister Mariano Rajoy entering news conference room\u003cbr/\u003e2. Press cut away \u003cbr/\u003e3. Close up of Rajoy\u003cbr/\u003e4. Wide of news conference\u003cbr/\u003e5. SOUNDBITE (Spanish) Mariano Rajoy, Spanish Prime Minister ++SPEAKING ABOUT ECB PRESIDENT MARIO DRAGHI'S THURSDAY STATEMENT++)\u003cbr/\u003e\"He announced he would take some non conventional measures regarding monetary policies to solve the problems of the eurozone. Well, then I want to know what those measures are, to know what they mean, to know what their aim is, to know if they are adequate and then, depending on the circumstances, we will make one decision or another. But I have not made any decision so far, and I will do what I think is best for the general interests of all Spaniards.\"\u003cbr/\u003e6. Mid of journalist\u003cbr/\u003e7. SOUNDBITE (Spanish), Mariano Rajoy, Spanish Prime Minister:  \u003cbr/\u003e\"In that letter I speak about what is urgent: a one and only supervision system, a mechanism of direct recapitalisation for banks. I speak about the need for the European Union to spread, in a flexible and efficient way, the instruments to guarantee access to financing. I also present them a proposal about a banking union and a fiscal union.\"\u003cbr/\u003e8. Wide of news conference\u003cbr/\u003e9. SOUNDBITE (Spanish), Mariano Rajoy, Spanish Prime Minister\u003cbr/\u003e\"I have to intention to make cuts to retirement pensions next year. As I have said many times, that would be the last budget I would modify. I insist, I have no intention to make cuts to retirement pensions next year.\"\u003cbr/\u003e10. Set up shot of photographers\u003cbr/\u003e11. 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