By Allan Hall Last updated at 3:26 PM on 14th June 2010
EU leaders are meeting this week to thrash out a rescue package for Spain as its economy teeters on the brink.
News of the behind-the-scenes scramble in Brussels spells bad news for the British economy as many of our major banks have loaned Spain vast sums of money in recent years.
Germany’s authoritative Frankfurter Allgemeine Newspaper reported that Spain is poised to ask for multi-billion pound credits. LINK...
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As many gold bulls have been saying since the Greek crisis, this is just the beginning. It will make its way to the U.K. and U.S. soon, please prepare yourself and your finances. BK
