Spain to Request Bailout, Says Barclays

New budget expected to set the stage for access to rescue fund

It's crunch time in Europe again, and it seems like the Spanish bailout is inching closer.  After a month of quiet time, courtesy of summer vacations and ECB chiefMario Draghi's new bond-buying program, top European policymakers are back at it, trying to figure out how to get Spain to request a formal bailout and accept the strict conditionality it will come with.