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Spain Pushed Closer to Eurozone Bailout

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Spain Pushed Closer to Eurozone Bailout

With Spain’s borrowing costs rising, investors’ worries are deepening and fears of Spain asking for real viagra online without prescription a full bailout are growing.

To avoid a full bailout, leaders called for the immediate implementation of measures agreed last month, which include aid directed at Spain’s banks without adding to the national debt.

Spain has been granted a loan package of USD 125bn to assist its banks, a different form of support than that original levitra without prescription given to the bailouts of Greece, the Republic of Ireland and Portugal.

Several autonomous regions in Spain are in deep debt and have no other option but the government of Spain to help them. They are in lining up to tap a new 18bn-euro public fund.

Catalonia, the second-biggest region in debt, will soon be joined by several other regions in asking the central government for a handout at a time when the government itself is having to pay more and find no rx viagra more to borrow for its own financing needs.

Eurozone leaders are feeling the pressure cialis online ordering of troubles in other Eurozone countries.

The credit ratings agency Moody’s has warned the outlook for Germany’s AAA credit rating is negative, the first step towards a possible downgrade.

The ratings for the eurozone’s other top-rated economies the Netherlands and Luxembourg were also put on viagra mail order uk negative outlooks.

Moodys said the countries were at risk from wider eurozone troubles and a possible Greek exit from the euro.

France and Austria lost their AAA ratings earlier this year.

It said in a statement: “Even if such an event [a Greek exit] is avoided, there is an increasing likelihood that greater collective support for other euro area sovereigns, most notably Spain and Italy, will be required.

“This burden will likely fall most heavily on more highly rated member states if the euro area is to be preserved in its current form.”

Moody’s said there was an increased chance that Greece could leave the eurozone, which “would set off a chain of financial sector shocks”.

It added that policymakers could only contain these shocks at a very high cost.

The German Finance Ministry said the country would remain strong, and said that Moody’s was focusing on short-term risks.

Moody’s is one of a handful of agencies that assess the creditworthiness of borrowers.

Rival agencies, including Standard & Poor’s and Fitch, have Germany on the AAA top rating with a stable outlook, implying they do not currently foresee a weakening of its financial position, although all agencies regularly review their rankings.



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