Spain prepares for critical week

Article reports that the government of Mariano Rajoy was preparing in late September 2012 to enter the most critical time of its nine months in office as Madrid negotiated a framework for a European financial rescue and tried to convince investors it had finally drawn a line under the problems facing the Spanish banking sector.

The results of independent stress tests of the Spanish banking sector were due to be published on 28 September 2012.

El Pais, 20.9.12: Treasury exceeds maximum target at bond auction http://elpais.com/elpais/2012/09/20/inenglish/1348166282_599997.html

ESO: Background information: Madrid plans to inject Bankia with debt http://www.europeansources.info/record/madrid-plans-to-inject-bankia-with-debt/

ESO: Background information: ECB's Mario Draghi unveils bond-buying euro debt plan http://www.europeansources.info/record/ecbs-mario-draghi-unveils-bond-buying-euro-debt-plan/

El País, 17.9.12: Brussels urges Rajoy to make mind up on second bailout for Spain http://elpais.com/elpais/2012/09/17/inenglish/1347894926_675953.html

BBC News, 21.9.12: Spain gears up for bank bailout by eurozone partners http://www.bbc.co.uk/news/business-19675961

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