Spain

5:53am

Fri June 8, 2012
The Two-Way

Reports Swirl That Spain Will Seek Bailout

The Banco de Espana (Bank of Spain) in Madrid.
Dominique Faget AFP/Getty Images

One day after seeing its sovereign debt downgraded to just above junk status, Spain is dealing with reports that it's about to ask the other eurozone nations for help in bailing out its beleaguered banks.

As The Guardian writes:

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11:25am

Thu June 7, 2012

2:50pm

Wed June 6, 2012
Europe

Spain Needs Cash, But Please Don't Call It A Bailout

Originally published on Wed June 6, 2012 5:29 pm

A Spanish protester bangs on a pot outside the offices of Bankia in Madrid. Spain's banks are hurting and in need of an infusion of capital.
Pablo Blazquez Dominguez Getty Images

Spain's banks are struggling and the country's leaders are sending mixed signals about whether they can afford to rescue them, or whether they'll need to ask for outside help.

But one thing is clear: Spanish leaders are trying to avoid calling any potential rescue plan a bailout.

Spain's Economy Minister Luis de Guindos dismisses talk of a bailout for Spanish banks.

"We'll make whatever decisions we need in the future," De Guindos told reporters in Brussels. And that won't be for weeks, after audits of Spanish banks, he said.

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2:00pm

Thu May 31, 2012
Europe

Battered Spanish Economy Nears Tipping Point

Originally published on Thu May 31, 2012 8:58 pm

A student in Pamplona, holding a sign in the Basque language, protests cuts Thursday in education and other public services by the government. Spain's financial position is weakening and there are fears the country will need a bailout.
Alvaro Barrientos AP

Spain's borrowing costs hit record highs this week and European stock markets have slumped over fears Madrid can't afford the price tag required to prop up its ailing banks. It's looking ever more likely the country will need some kind of bailout.

After watching Greece from afar for years, many Spaniards now believe Spain's number is up.

A tourist in Madrid might wonder where the crisis is. Traffic is heavy and the tapas bars are packed.

But listen in on some of the conversations, and it's clear that Spaniards are scared.

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3:49am

Mon May 28, 2012
Europe

Spanish Lender Gets $24 Billion Lifeline

Spain's third largest lender, Bankia, is getting a $24 billion lifeline from the Spanish government. The move is a part of Madrid's effort to return some stability to the country's struggling financial sector.

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