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Bad timing for Spain

Jul 23 2012  Spanish banks may have been granted a bailout but the money isn't expected to land until later in the year, making it a long summer of waiting. The government faces €27bn of maturing debt in October and a fundamental lack of economic growth, which when added to the banks' headaches goes some way to explaining today's tumble in Europe's markets. Lex's Stuart Kirk and Richard Stovin-Bradford look at exactly how tricky things have got for Spain.  (3m 14sec)
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Filmed bv Rod Fitzgerald. Produced by Seb Morton-Clark.
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