IMF: 'serious challenges' in designing bailouts for euro zone
The International Monetary Fund acknowledged on Monday it faced ``serious challenges'' in designing bailout programs for troubled euro zone countries mainly because it was restricted by the rules of the 17-member currency zone.
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.''