“Markets are on a big tear with Spain leading the way, so it’s easy to surmise that enthusiasm over a possible Spain bailout is what’s got investors excited.
And there’s an article to support exactly that.
Miles Johnson at FT reports that Spain is getting ready to bite the bullet.
A senior official within the Spanish ministry of economy said Spain did not require any money from the European Stability Mechanism, the eurozone’s state rescue fund, but would be comfortable making a request for a credit line only in order to satisfy the conditions of the ECB to begin buying bonds.”
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