CITY VIEWS | WAS EUROPE RIGHT TO BAIL OUT SPAIN?

CABOT LYMAN
CNBC

The bailout will help Spain in the long-run, but other countries in the Eurozone are going to want the same bailout on the same terms, which could be extremely problematic.

MICHAEL WRIGHT
FRIENDS LIFE INVESTMENTS

It was the least that was needed for the Spanish banking system. It’s short term good news, but longer-term there are still fundamental problems that need to be fixed.

STEFANO FARA
K&K COMPANY

I don’t know whether it has stabilised the situation – we are going to have to see what happens in the next few months. I think that Italy will need a similar bailout soon though.