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Spanish Bailout is Inevitable: Expert

Thursday, 26 Jul 2012 | 4:00 AM ET

"Some sort of bailout for Spain is inevitable, obviously we have got the first bailout the bank only bailout but that is not going to be enough so we are going to need something extra, now what that extra is it could be a full bailout with Spain put into a program or it could be something more limited," Hugo Dixon, editor at Reuters Breakingviews, told CNBC.