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# Spain will need massive bailout
- URL: https://ivn.us/spain-will-need-massive-bailout/
- Published: 2012-09-04T13:36:52.000Z
- Updated: 2026-06-22T19:31:15.000Z
- Author: Bob Morris
- Tags: News

[Spain is nearing financial collapse](http://www.zerohedge.com/news/nomura-spain-will-need-full-blown-bailout?ref=ivn.us). Record amounts of money have been withdrawn from banks that already are wobbly at best. Their ill-advised scheme to roll up several small insolvent banks into one big insolvent bank, Bankia, was a failure and merely a desperate attempt to buy time.

Nomura says "Spain will need full-blown bailout which will include more active role of ECB in Spanish bond markets" and that using treasury debt to save Bankia pushes Spain towards needing a sovereign bailout.

Spain is much bigger than Greece. A comment on Zero Hedge sums it up

> Spain has to get 'fully bailed out' by WHO? Are we STILL pretending someone is standing by with a bunch of free cash to throw around?