“Spain is too big to fail but also too big to be bailed out. The existing resources for bailouts are too small to backstop the Spanish banks and the sovereign if there is going to be a run on them.”
in Bloomberg TV
Related: Banco Santander, S.A. (ADR) (NYSE:STD), Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA), iShares MSCI Spain Index (ETF) (NYSE:EWP)
