Spanish audit to spell out financial future

on 28/09/2012 10:07:59

Spain's future will become a little clearer today, when a new audit of the banking system there is published.

It comes just a day after a budget imposing cuts of €39bn was introduced, as the government tries to cut the public deficit.

Up to €100bn has already been secured in European funding for Spanish banks.

Some experts are predicting that a full sovereign bailout is just weeks away.