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Juan Esquer, GBS Finance Partner, gives his view on whether Spain is close to bailout

As the situation continues, experts are more inclined towards an intervention scenario. However, most of them believe that the ECB and the Commission can stop the bleeding. And that Spain still has important reforms pending.

As Juan Esquer declared to Efe, the ECB has to take action, because it cannot be that in the eurozone some countries are funded at 7% while others are funded at 1%.