Spain Bailout Becoming Less Likely as Funding Costs Decline, Moody's Says

... for 2014. That compares with overspending of 10.2 percent of GDP last year, or 7 percent excluding aid to the banking sector. Moody's calculates the cost of bank recapitalizations added an amount equivalent to 3.65 percent of output to Spain's ...

http://www.bloomberg.com/news/2013-04-09/spain-bailout-less-likely-on-lower-funding-costs-moody-s.html