Business

摘要

Mariano Rajoy, the Spanish prime minister, made the most explicit statement yet of problems with recapitalising Spanish banks. His confession that Spain is facing difficulties in tapping bond markets shocked investors, who have attached a higher risk to Spanish government bonds over the past month since the nationalisation of Bankia, a merged group of savings banks. Spain has called for a direct injection of capital into Spanish banks, something the European bail-out funds are not allowed to do at present.