Spain is in a situation of "extreme difficulty," says PM Rajoy, speaking to Parliament....
Spain is in a situation of "extreme difficulty," says PM Rajoy, speaking to Parliament. Europe must help with the country's liquidity issues, he says, dropping a big hint by mentioning how helpful the ECB's August 2011 bond purchases were. Madrid gives up gains of about 1.5% as he speaks, now +0.3%.
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