Rajoy Bid to Avoid Full Bailout Risks Falling Short

Rajoy Bid to Avoid Full Bailout Risks Falling Short

Angel Navarrete/Bloomberg

Residential and commercial properties seen in the skyline in Madrid. Should Spain need a full EU and International Monetary Fund bailout that covered funding needs through the end of 2014 and included 75 billion euros to recapitalize banks, the total package would amount to about 350 billion euros, David Mackie, the chief economist at JPMorgan Chase & Co. in London, wrote in a May 30 report.