Spain's Prime Minister, Mariano Rajoy, has said he expects the EU will set reasonable conditions for any potential future bailout.
In a television interview, Mr Rajoy said no decision to request a bailout had been taken. And he ruled out considering any bailout that dictates specific spending cuts or cuts on old-age pensions.
When the European Central Bank unveiled plans to buy bonds from indebted countries last week, it was clear it had Spain in mind.
The aim of the programme is to cut the borrowing costs of debt-burdened euro zone members by buying their bonds.
But if the ECB is to buy Spanish bonds, it has made clear that this arrangement will come with strict bailout conditions attached.
In his first television interview since taking office in December Spain's Prime Minister Mariano Rajoy made clear that Spain will not rush into a bailout programme and said that there are certain conditions he will not accept.
"I will look at the conditions, Mr Rajoy said, I would not like, and I could not accept, being told which were the concrete policies where we had to cut."
He also said he would not allow pensions to be touched.
While Mr Rajoy said he is sure the ECB will be reasonable, he stressed that no decision had been made on requesting a bailout.
Meanwhile Troika officials left Greece yesterday... having made little progress in reaching agreement on the countries proposed plan to save €11.5 billion over 2 years.
"It is a difficult discussion" the Greek Finance Minister conceded to reporters after the meeting.
Meanwhile the Greek Prime Minister Antonis Samaras is due to hold talks with European Central Bank president Mario Draghi in Frankfurt.
