Spain's Debt And Financial Crisis Results In A Capital Flight Of €100bn

Spain Capital Flight Doubles As Risk Of European Bailout Rises -- Christian Science Monitor

Capital flight from Spain has doubled to a new record and the country has demanded the European Central Bank recapitalize its teetering financial system, warning that the alternative is a broader bailout that could rock the European economy.

Distraught Spain is playing a high-stakes game of chicken with the European Union, using to its advantage the likelihood that it will drag Europe and the rest of the world into a downward economic spiral if it doesn't get the funds it needs to keep its banks afloat.

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More News On Spain's Debt/Financial Crisis

Spain reveals €100bn capital flight -- CNN
Money flies out of Spain, regions pressured -- Reuters
Europe's Crisis Spotlight Shifts to Spain -- Bloomberg Businessweek
Capital flees Spain amid mounting bailout rumors -- Deutsche Welle
Spain tries to calm investors amid market pressure -- AP
Spain bond yields up again, minister says regional spending coming into line -- Washington Post/AP
Germany shifts, gives Spain more time on deficit -- Reuters
Spain Urged to Divulge Bank Bailout Plan -- Time/AP