Listen To The Story

Whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank for a sovereign bailout. Bond and equity markets in Spain and elsewhere in Europe have zigged and zagged throughout the day depending on the winds.

Recently Spain has been the focal point of international attention with violent anti-austerity riots last week and the government has come under pressure to make a formal request for a full government bailout.

The European Central Bank has signalled that it is ready to step in, but various news outlets are reporting that Germany has privately asked Spain not to request a bailout. It is suspected that Germany would like to delay Spain's bailout a few weeks and lump it together with Cyprus, Greece and others. Political will is dwindling domestically in Germany as "bailout fatigue" sets in. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.