"The government is facing a lose-lose situation," says Spanish economy minster Luis de Guindos,...

|By:, SA News Editor

"The government is facing a lose-lose situation," says Spanish economy minster Luis de Guindos, as markets will penalize the country for not going far enough with austerity and also for going too far. "It's an absurd idea," he replies to the question of whether Spain will need the assistance of one of Europe's rescue vehicles.