Will Spain and Italy need bailouts?
Spain and Italy won't need to resort to international bailouts as they battle through their debt crises, although their economic ills may drag the euro zone's recession into mid-year, Reuters polls showed on Thursday.
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.''