Spain is in a situation of "extreme difficulty," says PM Rajoy, speaking to Parliament....

|By:, SA News Editor

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%.