The main political parties of Greece have agreed that Greece should seek a better deal from Europe for its own rescue after Spain won such 'lenient' bailout terms.
Athens News is reporting that Syriza, set to become the main political party after the June 17 elections, said the Spanish deal proved that austerity imposed by international lenders had failed. Syriza spokesman Panos Skourletis said:
"Developments in Spain fully vindicate us in our reading of the crisis: this is a deep structural crisis of the eurozone itself. The discussions in Europe open new perspectives for Greece and the euro zone."
George Osborne brands the Spanish bail-out as 'depressing' as the Government began paying more to borrow money than ever before.
Andreas Dombret, a board member of the Bundesbank, explains in a rare interview Germany's tough stance over euro crisis solutions.
With 18 of Spain's banks downgraded and the country's cost of borrowing rising, it begs the question: did the bail out happen at all?