Spain Doesn't Need a Bailout: O'Neill

12:00 PM ET Fri, 27 July 2012

Jim O'Neill, chairman of Goldman Sachs, told CNBC, "The absolute max that Spain can continue to fund itself at these levels is two years, which of course right now sounds like an eternity, but the way markets behave and have behaved since last Friday, it might not be more than two weeks."