Spain May be Requesting Bailout - 27th September 2012

With Spain's borrowing costs back to very high levels speculation that Spain will need a bailout, Prime Minister Mariano Rajoy suggested at a press meeting that if current borrowing costs remain too high for too long then Spain would need to have help and a bailout.

With a deeper recession and out put down the country is in a very bad condition.

The capital Madrid is out living austerity measures with savings, reforms and higher taxes this all comes when anti-austerity protests in the capital have seen a second night of violent protestors.