Bank Bailout Should Not Jeopardize Spanish Budget: German Green Party

5:40 AM ET Thu, 19 July 2012

"We discussed who is actually liable for the money that has to be spent on the rescue of Spanish banks and I think here the debate is a little confused as if the rescue of banks puts too much burden on the Spanish budget, then this causes a problem for Europe as a whole." Gerhard Schick, finance policy spokesman for The Green Party, told CNBC.