Patrick Jenkins, The Financial Times | May 11, 2012
Spain must be bold in order to reestablish confidence in it banks. ++ Without healthy banks, the Spanish economy will continue downhill. ++ Current measures have been too little, too late. ++ Policymakers have been indecisive and instead of offering solutions are blaming others for unfairly targeting Spain. ++ In reality, the banks need fresh money. ++ Spain has not addressed its problems quickly enough and most likely needs European bailout money. ++ Bailouts are better than half-hearted measures.