Spain goes pop as bankia and catalunya go under
Fears of a Spanish bail-out escalated after its wealthiest region asked the central government to help pay its bills and the country’s fourth largest bank asked for a €19bn (£15bn) taxpayer rescue. Government borrowing costs soared after the Catalan President Artur Mas told reporters: “We don’t care how they do it, but we need to make payments at the end of the month. Your economy can’t recover if you can’t pay your bills.” His comments Continue reading Spain goes pop as bankia and catalunya go under