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Is Spain Stumbling Towards a Full Bailout?
The will-they won’t-they saga of Spain and the troika which has bailed out other struggling euro zone economies tipped the scales in favor of “they will” at the weekend. Spain seems to be stumbling towards a full bailout, and its politicians appear to be gently prodding it along. Prime Minister Mariano Rajoy admitted on Friday that he is considering bailout options, as Spain's economic situation appeared to be worsening. The usually taciturn politician has now given two recent press conferences – and has not ruled out seeking troika assistance in either. Finance Minister Luis de Guindos said in an interview ... (full story)
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