A delegation from the International Monetary Fund (IMF) has travelled to Spain amid widespread speculations that the debt-ridden country might need an international bailout.
The delegation will visit Spain on Monday in order to conduct a routine study on the country's financial system as part of an annual global report, AFP reported on Sunday.
"An IMF staff team is currently traveling to a number of countries as part of its preparatory work on the April 2011 Global Financial Stability Report -- the IMF's regular report on global financial conditions," an unnamed IMF spokeswoman said.
The visit comes as rattled nerves across the euro zone are still jittery over the prospect of a bailout for Spain as the country struggles to rein in its ballooning budget deficit and its highest unemployment rate across the euro zone.
Some analysts believe the country might yield to outside pressure to finally apply for a Greek-style international bailout package from IMF and the EU ... READ MORE HERE
