The Pain in Spain

Markets are preparing for a Greek exit though few would deny that a return to the drachma has significant uncertainties attached. A key worry is that Spain could be tipped over the edge…. Spain hit by rise in bad bank loans, Financial Times, 18 May 2012
Banks prepare for the return of the drachma, Reuters, 11 May 2012
Spanish lender Bankia is partly nationalised, BBC News, 9 May 2012
Get ready for the Spanish bailout, Financial Times, 9 May 2012