Not sure how strong it makes the case for Spain to ask for aid, but its definitely doesn't look good for EURO without further aid to Spain.
As per the IMF, Spain will miss it deficit target in 2012 and 2013 as well. And by next year, Spain's debt will rise to more than 90% of its GDP.
During recent times, Spain has been at the center of Euro crises. The government pledged to introduce new reforms but it will not a cake walk after having a decade long crises.
Complete story at Reuters [here].
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