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Byline: Alex Brummer
June 12--With the pounds sterling 80bn loan agreement for Spain, the eurozone countries have moved from sticking-plasters to larger cold compresses.
But in euroland it is not possible to heal one nation's problem without it causing contagion elsewhere.
In the case of Spain, the idea of a condition-free loan from the euroland 'firewall,' with its assets of pounds sterling 600bn, looks simple enough.
But the fact that Spain is avoiding direct International Monetary Fund intervention and outside interference in its decision-making will give heart to radical parties in Greece, where there are elections this coming weekend, and will rankle with Ireland and Portugal.
It may also be seen by …