FRANKFURT (MarketWatch)
Spain acknowledged earlier this week it might require
a full bailout from the European Union and International Monetary Fund totaling
300 billion euros ($366 billion) unless its borrowing costs fell, Reuters
reported Friday, citing an unnamed euro-zone official
The report said Economy
Minister Luis de Guindos discussed the issue with German Finance Minister
Wolfgang Schaeuble in a meeting in Berlin on Tuesday as the yield on Spain's
10-year bond traded near
7.6%, the report said
The official said Germany wasn't comfortable with the
idea of a bailout now, Reuters reported. Publicly, Spain has repeatedly insisted
it won't require a full bailout
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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