Spain won’t be saved without grand master plan
Tue, Jun 19 06:17 AM EDT
By Pierre Briançon
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Avoiding the great Greek scare hasn’t allowed the euro zone to breathe a sigh of relief on Spain. Yields on the country’s 10-year bonds are now reaching 7.2 percent. The Spanish government has already done a lot. The extra steps it could take are of marginal importance in the current context.