Spain down the drain?

Nothing like being in denial.

http://www.telegraph.co.uk/finance/financialcrisis/9296111/Mariano-Rajoy-says-Spain-is-finding-it-very-difficult-to-finance-itself-but-insists-there-will-be-no-bail-outs.html

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9296193/Spains-Rajoy-fights-losing-battle-to-stave-off-EU-rescue.html

http://www.telegraph.co.uk/finance/comment/alistair-osborne/9296295/Whatever-Rajoy-says-more-Spanish-banks-will-need-bailing-out.html

http://www.independent.co.uk/news/world/europe/spain-on-a-knife-edge-as-austerity-cuts-hit-poor-7792698.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100017477/spain-runs-out-of-money/

Update:

http://www.telegraph.co.uk/finance/financialcrisis/9298679/Spanish-data-underscore-dangerous-economic-slide.html