Spain is considering asking for a credit line from the ESM for its bailout so that the country...

|By:, SA News Editor

Spain is considering asking for a credit line from the ESM for its bailout so that the country would only take loans when needed, a government official tells reporters. With bond yields below danger territory, Spain is in no rush to ask for assistance; the hope is that just the existence of the line will be enough to send borrowing costs plummeting and the stock market surging.