Spain Calls For New Tax Pact To Save Euro

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Spain is warning that Europe's single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks.

'Full Crisis Mode' Returns To Spain

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The conservative Spanish government of Mariano Rajoy expects to take direct financial control of at least one of the country's ailing regional governments by May, according to sources in Madrid.