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Abengoa Breaks Spanish Election Taboo With Calls for Bailout

  • Rajoy faces pressure to rescue renewable-energy company
  • Premier aiming to downplay bailout track record before vote
Mariano Rajoy, Spain's prime minister. Photographer: Pau Barrena/Bloomberg

Mariano Rajoy, Spain's prime minister. Photographer: Pau Barrena/Bloomberg

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There’s one issue above all that Prime Minister Mariano Rajoy is trying to avoid in the run-up to Spain’s general election this month and Abengoa SA just put it back on the front pages: financial bailouts.

With the Seville-based renewable energy producer filing for protection from its creditors a month before the polls open, unions and the leader of its home region are demanding a government rescue to protect about 7,000 Spanish workers.