The doors close - Spain makes explicit plea for bank aid

Spain has made its most explicit call to date for European institutions to re-capitalise the country's banks as concerns increase about its own ability to raise the billions of euros needed on bond markets.

Spain's Prime Minister, warned on Tuesday that the country was in a situation of extreme difficulty. He urged Europe to prove that the Euro was irreversible by agreeing a banking union and embracing Eurozone bonds ... READ MORE

Released by the Financial Times - 6 May 2012