Spain ETFs Fronts Global Rebound
Spain outpaced global markets Friday as the government pushed to have European rescue funds go directly to its battered banks instead of through the government so that they wouldn't be added to the country's mounting debt. Under current rules of the proposed 100 billion euro bailout ($125 billion), the public would be on the hook if the banks don't repay their loans and thereby burden the country with new debt. IShares MSCI Spain Index (EWP)
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