EU Urges Spain to Accept Bailout Is Unavoidable, El Pais Reports

The European Union is urging Spain to accept that it must seek an international bailout, El Pais reported, citing officials in Brussels without naming them.

Spain will need a bailout because investors won’t lend the government the money required to recapitalize the banking system, the newspaper cited one official as saying.

To contact the reporter on this story: Ben Sills in Madrid at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.