A phone call amongst G-7 finance ministers and central bankers is underway, with a source saying...


A phone call amongst G-7 finance ministers and central bankers is underway, with a source saying Germany is pushing Spain to accept a rescue from the European bailout fund, but Madrid is resisting. Spain, of course, would prefer the bailout funds go straight to its banks, thus bypassing the need for the government to submit itself to Troika pencil-pushers.

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