Spain 'will need another bailout after €207 billion debt sale in new year'

The €207 billion (HK$2 trillion) debt Spain needs to sell next year will force it to request a bailout, according to investors from Pioneer Investments and BlueBay Asset Management.

"Spain will ask for aid in January," said Tanguy Le Saout, the head of European fixed income at Pioneer Investments in Dublin. "The sooner they ask for help, the sooner the cost of their debt will reduce."

via Business feed http://www.scmp.com/business/economy/article/1086399/spain-will-need-another-bailout-after-eu207-billion-debt-sale-new