Spain’s economy minister calls for fresh negotiations on a Greece eurozone bail-out

SPAIN is hoping Europe can negotiate a new bailout for Greece after declaring it would give the nation one last chance following the Greek people’s rejection of austerity demands in Sunday’s referendum.

Economy minister Luis de Guindos said Greece has the right to ask for a third rescue package after rejecting the first two.

He added that Spain is ‘absolutely not contemplating’ the possibility Greece will leave the Eurozone.

“Given the circumstances, from the point of view of the markets it is absolutely necessary,” said de Guindos.

However, he denied any accusations that Spain’s economy could face troubles as a knock-on effect of the Greek debt.