Germany's finance minister is dismissing concerns that Spain's government may itself need a bailout on top of an international rescue for its ailing banks.

Spain's banks - hit hard by a burst real-estate bubble - are to receive a bailout of up to (EURO)100 billion ($122 billion). But persistently high borrowing rates for Spain in bond markets have fed worries about the possibility the government itself might need a rescue like those of Ireland and Portugal.

German Finance Minister Wolfgang Schaeuble was quoted Wednesday as telling the daily Rheinische Post: "There is absolutely no reason to speculate, beyond this (bank aid) application, about a comprehensive aid program for Spain."

He added: "Spain really does not need that."

Germany's Parliament is due to vote on the bank rescue package Thursday.