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The Spanish bank bailout could be extended beyond the planned expiry date of December 31, 2013, so as to provide a "financial safety net".
The possible extension could serve “to calm uncertainty on the markets” notes El País, in the event that further capital requirements are highlighted by upcoming tests of Spanish banks, which are to be conducted by the Bank of Spain, or the ECB evaluation of European banks, scheduled for the spring of 2014.
Having requested €41bn of the €100bn, which was granted by the EU-ECB-IMF troika a year ago, the Spanish government may take advantage of this proposal, notes El País —
… but only if the beneficial effects of this type of insurance outweigh the associated political stigma, and only if [Spain’s] partners do not insist on unacceptable terms in return.
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