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Instead, Spain might simply seek a precautionary line of credit, to be used only in emergencies.
Portugal might do the same this spring, perhaps helped by a precautionary line of credit.
The EU and the IMF have pulled out of talks over a precautionary line of credit for Budapest because they believe Fidesz is undermining the independence of the central bank and national fiscal council.
The government will decide on 5 May if it will ask its European partners for a precautionary line of credit.
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Mexico, Colombia and Poland have been enticed to sign up for its new precautionary lines of credit.
The 500 billion euros are then supposed to backstop euro zone governments by a variety of means, including providing loans, buying those countries' bonds or providing precautionary lines of credit.
The fund is replacing an instrument called the "precautionary credit line" with a more flexible instrument it called the "precautionary and liquidity line".
5.21pm BST Spanish bailout hopes cheer investors News that Spain may be finally willing to request help from its European partners - probably in the form of a precautionary credit line - has lit a fuse under stock markets.
A precautionary credit line could have been sought from the European bailout mechanism.
Barthle told Bloomberg that a precautionary credit line "would be a possible move".
See articleHungary turned to the IMF for a precautionary credit line.
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