| Author (Person) | Mallet, Victor, Spiegel, Peter |
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| Series Title | Financial Times |
| Series Details | 6.6.12 |
| Publication Date | 06/06/2012 |
| Content Type | News |
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Spain made its most explicit call to date for European institutions to recapitalise the country’s banks on the 5 June 2012 as concerns increase about its own ability to raise the billions of euros needed on bond markets. Mariano Rajoy, Spain’s prime minister, warned that the country was in a situation of 'extreme difficulty'. He urged Europe to prove that the euro was 'irreversible' by agreeing a banking union and embracing eurozone bonds. Germany remained opposed to allowing Spain’s banks to be bailed out without a formal request from the Spanish government. The debate over how to respond to Spain’s growing problems rekindled fears outside the eurozone over the speed of its crisis response. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Spain |
