Spanish Bailout, Not IF but WHEN - Eurozone Crisis

Telegraph: Reports on the growing concern about Spain after the 2nd Greek election, the article notes the following, " Fears were also mounting about the health of the Spanish economy. A full-scale bail-out now appears increasingly likely. "

Lets Get Real:

A few hours after the 2nd Greek Election and the successful campaign of New Democracy we see Spanish Bonds remain at the 7% mark. The Markets took a dim view of the 100 billion euro bailout of the Spanish banks as this just added to the debt, also the bonds markets do not want to hold Spanish bonds if they are the last to get paid at the end of the day. Thus the Kingdom of Spain will need a Sovereign bailout, there will have to be tough strings, the local regional governments will have to be told that for a time they are no longer in charge of their budgets. This will go down like a lead balloon, but the EU has to be firm, as with Greece the EU will have to send in regulators to run the Spanish economy, the Spanish Budget will have to be approved by the EU and Germany. That is the only way that Germany will bailout Spain, also the German Chancellor has made it clear, the Greeks have to follow the austerity deal, tense days ahead folks.