Spain has at last conceded it may need a state bailout and policymakers are considering writing down Greek debt to their central banks, European officials said on Friday, as markets anticipated radical new action to pull the continent out of its debt
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Spain's struggle to avoid a full-fledged international bailout will be on display later on Tuesday when the government sells short-term debt amid widespread investor reluctance to hold peripheral euro zone paper.
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La Furia Roja (The Red Fury) team beat promising Azurri side in Euro 2012 final on July 1 setting a historic record as a national team that wins 3 major soccer tournaments in a row.Los Matadores subdued Italian bull but soon economic realities comes back to steal up Spanish Trojan camp.
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Spain’s financial woes deepened ominously Friday after a heavily indebted region asked Madrid for help and the government predicted more recession next year, prompting investors to dump stocks and government bonds.
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Italy's bond yields are hovering around the danger zone of 6pc, while civil servants in Spain protest against the government's sweeping austerity measures that were approved by the Spanish cabinet this afternoon.
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European leaders are testing the latest version of their debt crisis strategy in Spain, granting Prime Minister Mariano Rajoy more time to reduce the budget deficit in exchange
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