Spanish economy still shrinking
Spain's economy has shrunk for the fifth quarter in a row, official figures showed.
The National Statistics Institute said the country's economy contracted 0.3% in the third quarter compared with the previous three-month period.
The drop was slightly less than the central bank's estimate last week of a 0.4% contraction.
The economy contracted by 0.4% in the second quarter and 0.3% in the first quarter. The Spanish government is predicting the Spanish economy will shrink 1.5% this year and 0.5% next.
Spain is in a double-dip recession and has a 25% unemployment rate.
Prime Minister Mariano Rajoy said on Monday that the country has no immediate need to ask for outside aid to help deal with its debts.