The paper reminds its readers that the bailout has to be approved by the ESM with 85% of the votes but the German government has the power to veto any decision. Chancellor Merkel, according to some sources, does not consider a bailout necessary or appropriate for Spain at this stage and not just because there are ten months to go to the German elections, but also because the German parliament would have to approve the Spanish request and liberal members of her coalition are radically opposed.. They finish by noting that all of this is likely viewed as a nuisance in a full election campaign for a Chancellor convinced that Spain needs to persevere with its structural reforms and adjustments.
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