Multibillion Spanish bailout inevitable

A Spanish bailout is looking likely, writes Susana Vera, despite the government and the EU dismissing talks of a rescue package

ECONOMIC experts watching Spain don’t know how much money willbe needed or precisely when, but some are near certain that Madrid will eventually seek a multibillion-euro bailout for its banks, and perhaps even for the state itself.

Prime minister Mariano Rajoy has repeatedly said Spain doesn’t need or want an international bailout, and the EU also dismisses such talk.