Spain in the World March 3rd 2013 Edition

Spaniards say not to budget cuts but is it more debt what really Spain needs?
Photograph: Marcelo Del Pozo/Reuters

This week more pain in Spain. The Economist talks about Spanish bank crisis. Bad bank debts creation is a good idea it says, but patient has to be a plus, recovery needs time. SAREB, bad bank, has already received €52 billion of dub property loans and other assets.
The Irish Times talks about one of those banks, BANKIA what it has reported €21billion loss. Bankia stocks have gone down in less than two years to a worth of 9% of original price €3.75.
The Guardian talks about recession. The GPD keeps falling and unemployment rising in a country that it seems don´t see the light at the end of the tunnel.
All of this and more in a new edition of Spain in the World

From The Times