Spain will present its official request for an EU bailout for its banks over the weekend but failed to convince all eurozone countries that the loan should not have preferential creditor status — a prospect blamed for the country’s euro-era record borrowing costs.
Fri, 22 Jun, 2012
Germany and European Union officials are urgently exploring ways to rescue Spain’s debt-stricken banks, although Madrid has not yet requested assistance and is resisting being placed under international supervision.
Thu, 07 Jun, 2012
Conservative Spanish prime minister Mariano Rajoy insisted today that the country’s banking sector would not need an international rescue as concern over the bailout of nationalised lender Bankia sent its stock price plummeting while Spain’s borrowing costs soared.
Mon, 28 May, 2012
Spain drew solid demand for its debt yesterday, easily shifting what it wanted to sell at a bond auction, although concerns about Greece’s second bailout and the fragility of some of the eurozone’s riskier economies pushed financing costs higher.
Fri, 17 Feb, 2012