Spain and Greece call on EU to extend existing bailout fund to eurozone nations
Spain and Greece are calling for the European Union to extend an existing €50 billion bailout fund to eurozone nations.
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.''