Tue, 12 Jun 2012 09:53:41 GMT
Rajoy's political credibility trembles with the EUR 100 billion bailout
Having taken the needed bailout for Spain's recovery, Mariano
Rajoy's political credibility could be at jeopardy. Two weeks after affirming
that Spain does not require a bailout, on 9 June Rajoy asked for a EUR 100
billion in order to revive the country's banking system. As a result, the Prime
Minister's actions could potentially raise uncertainty whether he can realize
his deficit cutting goals. However,