Spain’s deficit gain fails to ease bail-out fears

Article reports that a sharp reduction in Spain’s central government budget deficit in November 2010 did little to ease feverish speculation in the financial markets that Spain, the eurozone’s fourth-largest economy, will eventually need a bail-out like those announced for Greece and Ireland.

ESO: Background information: Spain and Portugal reject talk of bail-outs http://www.europeansources.info/record/spain-and-portugal-reject-talk-of-bail-outs/

ESO: Background information: Recovery elusive but darkest days have passed http://www.europeansources.info/record/recovery-elusive-but-darkest-days-have-passed/

La Vanguardia, 26.11.10: EU piles up pressure on Spain (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/405901-eu-piles-pressure-spain

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