The World from Berlin Spain Bailout 'Won't Buoy Sentiment for Long'

The hastily arranged bailout of Spain's banks on the weekend won't calm financial markets for long, write German commentators on Monday. The move exposed shortcomings in Europe's crisis-management system and is already being overshadowed by the make-or-break election in Greece next week, they say.
Spain's central bank headquarters in Madrid. The EU agreed to bail out Spain's banks at the weekend, after the country swallowed its pride and requested help.

Spain's central bank headquarters in Madrid. The EU agreed to bail out Spain's banks at the weekend, after the country swallowed its pride and requested help.

Foto: DOMINIQUE FAGET/ AFP
-- David Crossland