Rajoy’s bailout shyness adds to Spain’s risks

The longer Prime Minister Mariano Rajoy puts off asking for aid from the euro zone, the greater the risk of further financial turmoil and an even worse recession in Spain, analysts say.

Promises of help from the EU and the European Central Bank have brought Spain’s borrowing costs down from unsustainable levels in the past few months. But ironically, if Rajoy is persuaded by the improved market conditions that he no longer needs to ask for help, it could make the situation worse.

via Business feed http://www.scmp.com/business/economy/article/1074223/rajoys-bailout-shyness-adds-spains-risks