Analysis: Spain faces uphill battle to avoid sovereign bailout
Yahoo Political News - |
Thursday, June 14, 2012
MADRID (Reuters) - Spain will have to play the right cards at the right time to shore up confidence and avoid sliding towards a full-scale sovereign bailout despite negotiating European financial assistance of up to 100 billion euros for its banks. The country's struggle to meet its deficit goal for 2012, the risk that the banking sector clean-up moves too slowly and the need to tap the debt market for another 100 billion euros ($125 billion) this year puts Spain just a few steps away from needing more external help, sources and analysts say. ...