Instead, Madrid has begged for all sorts of back-door support: bond-buying by the ECB, direct recaps for its banks, a quasi-ECB rescue for banks. Germany and the ECB aren’t likely to allow these unless Greece blows. But, at that point, Spain will be in a terrible crisis.
BERLIN (AP) — Germany's finance minister is rejecting talk of a possible application from Spain for the eurozone's bailout fund to buy the struggling country's bonds, a newspaper reported Saturday. This week, European Central Bank h... Read Post
MADRID (AP) — Finance ministers from the 17 countries that use the euro will discuss a potential rescue for Spain on Saturday, a eurozone official said, as pressure grows on Madrid to sort out its troubled banks even if it means see... Read Post