Rescue for Spain: what must be differen of Portugal and Greece

It is estimated that Spain may need about 90 billion euros to recapitalize banks. Is this kind of support, only for the financial sector, which is at stake in this rescue, no implications in terms of economic policy, as happened in Portugal and Greece with the external intervention. And who will be the financier of the Spanish banking bailout? Unlike the other bailouts will not need a troika, but a European Financial Stability Fund, financed with money from the Member States. The goal is to avoid contagion to the rest of European banking and empower the Spanish government to recapitalize domestic banks. But if aid is only for banks, this European fund may lend money directly to financial institutions? No, the answer is no. As in Portugal and Greece, is the Spanish government who has to ask for help. Like all the other bailouts, this one is able, but here is just to the bank. The Spanish banks have that for the accounts in order. It is an imposition, there to give back. The EFSF can still ask for more financial supervision legislation and changes in the financial sector. Moreover, Spain has to prove that is well under way, ie, that is a good «student», who is spending less, which is to redress the balance between spending and winning.