European financial crisis
Will Spain follow Greece with a European financial rescue? "Spain does not need additional financing from any international institution."
The fourth largest economy in the euro area. It has been able to borrow on the markets but at a rising premium, paying an average 3.317 percent.
Banking sources said last week the liquidity freeze was affecting savings banks and small banks but not the country's biggest financial institutions.
Always the small people who have to struggle!
Reuters News - Spain sees credit squeeze denies EU rescue bid.