Spain

Spain to Request Bailout, Says Barclays

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

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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.

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