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LOS ANGELES Spain is ready to make a formal request for aid, allowing the European Central Bank to buy its sovereign debt, but is delaying an announcement due to concern about the effect on other euro-zone members, the Financial Times reported Monday, citing an unnamed Spanish official. While Spain doesn't plan to seek immediate aid from the European Stability Mechanism bailout fund, it would request a credit line in order meet a requirement for the ECB to buy Spain bonds, the report said. However, concern that other debt-challenged euro-zone nations -- Italy in particular -- might see their own borrowing costs rise has prompted delay from Madrid, the report said.

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