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

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.
Comments (2)
  • User 353732
    , contributor
    Comments (4913) | Send Message
     
    Deny; delay; deceive; default: this is the trajectory for much of West.
    Iceland, Greece, Spain are but the initial wave of descent and regression.
    16 Oct 2012, 05:20 AM Reply Like
  • VictorHAustin
    , contributor
    Comments (827) | Send Message
     
    So it seems to me Spain is showing good sense. What am I missing?
    16 Oct 2012, 10:13 AM Reply Like
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