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Spain To Delay Making ESM Aid Request To Year-End/Beginning Of 2013 - BofA Merrill
Spain's cash position and relatively limited market pressure will prevent the government from being forced to ask for financial support any time soon, says Bank of America Merrill Lynch But given Spain funding needs next year, BofA is confident that it will ask for financial support at some point. "Recent news flow and events may delay a decision further and lead to a Spanish request for financial aid by the end of this year or even the beginning of 2013 without a significant increase in market pressure," BofA clarifies. BofA outlines 5 mains reasons behind this call: 1. Almost 90% of Spain’s funding needs for ... (full story)
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