By contrast, the Spanish economy, which is the fourth largest in the Euro zone, is considered “too big to bail out”. Spain’s debt was downgraded by Moody’s. Recent discussions on the sovereign debt...

By contrast, the Spanish economy, which is the fourth largest in the Euro zone, is considered “too big to bail out”. Spain’s debt was downgraded by Moody’s. Recent discussions on the sovereign debt situation call for debt restructuring or a reduction of debt levels or a prolonging of the debt repayment.