Spain facing new financial pressures
Spain is facing new financial pressures, with its borrowing costs edging higher and its stock market falling amid fears it will need an international bailout.
Open Europe, the independent think-tank, is reporting that the Spanish banks may be forced to seek eurozone bailout, on the back of ``increasing exposure of its banks to potentially toxic loans,'' says the article but the think-thanks remarks that ``Spain is not the 'next Greece,' it remains a serious and diverse economy.''