Rajoy Seeks European Backing as Spain’s Market Access Narrows
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Spanish Prime Minister Mariano Rajoy called for a show of force from European authorities as his government sought ways to avoid tapping markets to fund the bailout of the nation’s third-biggest lender.
“Europe has to dissipate any doubts about the euro,” the premier told a hastily called news conference in Madrid yesterday. It “must affirm that the euro is an irreversible project and act in consequence,” he said.