Spain looking for an "indirect" rescue

Spain needs US$ 24,000 to close the hole Bankya.

Bankia would receive Spanish Government bonds, which could then be used to ensure that the European Central Bank for cash will solve.

But the business editor Robert Peston BBC stressed the risks of this strategy: "if creditors perceive Spain, the Spanish Government has admitted, in secret the actual cost of the strengthening of the Spanish banking sector can not assume, the country is it still harder to take loans".

"So the"redemption through the back door"Bankia acceleration of the day in the Spain questions his European partners one bailout"

A source who Spanish Government said Monday that the Agency of Reuters, would the ECB already been informed and would have no objections.

Peston notes however that the process faced some hurdles.

On the one hand, the statutes of the ECB would have to be changed because they allow not taking that kind of risk.

On the other hand a risk there of the ECB, and therefore would have consequences for their shareholders and other contributor central banks of the euro area.

"It would be legitimate to think that the Bundesbank and many German would be crazy to believe that they are forced to save a ship that went bankrupt, because he is to speculate on land and dedicated", Peston show.

Smaller rescue

"(Rajoy) does everything, not the history books as the President of the Government be asked the rescue"

Javier Díaz Giménez, Professor at the IESE Business School

Although Bankya Center the most attention, is not the only Spanish bank in trouble.

The Spanish press reported Monday that other three nationalised banks (CatalunyaCaixa, Novagalicia, and Banco de Valencia) need US$ 37,000.

"The Spanish Government was not in a position to sell it and now they need the extra money," he said to BBC Javier Díaz Giménez, IESE, a Spanish business school.

"So that increasingly it seems more likely that Spain helps questions the mechanism of financial stability."

"It would be a rescue, but in principle by a smaller amount, agreed with Greece, Ireland and Portugal."

Those who believe, the rescue, the inevitable point Monday Rajoy message could be the risk premium, plus demand from investors for lending to the Spanish Government come.

On Monday all-time high of 513 points and it reached still according to the presentation of Rajoy, to collect at 1 pm (1100 GMT).

Many questions are required before this escalation of interest to Spain, what is slows down, Rajoy, a European rescue mission to demand that would provide loans at a much lower cost.

"I think that tried save his political image", value of Díaz Giménez. "He does everything, not the history books as the President of the Government saving be asked."

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