Germany can ratify ESM bailout fund with conditions --
Gold rallied to a 6 month high in dollars after Germany's top court ruled that Germany can ratify the €500 billion ESM bailout fund but with strict conditions.
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.''