The challenge of bailing out Spain’s banks is compelling Europe’s leaders to confront a question they had hoped never to contemplate: How to prevent financial and economic malaise from overwhelming the euro area’s fourth- largest economy. So far, their actions suggest they’re sticking with the strategy they pursued in Greece and expecting different results. They’d better think again. The agreement last weekend to provide as much as 100 billion euros ($125 billion) to Spain’s banks shows Europe’s leaders are at least beginning to recognize the magnitude of the task. The amount matches some of the higher estimates of ... (full story)