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Spain Bailout Request Could Come in November
Spain could ask for financial aid from the euro zone next month and if it does the request would likely be dealt with alongside a revised loan program for Greece and a bailout for Cyprus in one big package, euro zone officials said. Spain replaced Greece, Ireland and Portugal as the main focus in the euro zone debt crisis earlier this year after its crippled banks, highly-indebted regions, a second recession in three years and soaring debt unnerved investors. Since then, the country's borrowing costs have reached levels deemed unsustainable in the long run, raising the prospect of a second aid program for Madrid ... (full story)
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