Spain's weak economy under spotlight

Spain's weak economy under spotlight
Wednesday, August 3, 2011 - 8:18am

Spain remained in the market spotlight wednesday, a day after the country's bond yield reached Eurozone record highs. Spain's Prime Minister has delayed his vacation by a day to monitor the increasingly bleak scenario in the bond markets.

The global market sell off, which Italy has also suffered, has reignited fears that the debt crisis will engulf the Eurozone's third and fourth largest economies. The fear is that the turmoil will push Spain and Italy closer toward needing a bailout. Many analysts say Europe can't afford another bailout following the Greek crisis.


 

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