Analysis: EU hands tied ahead of Battle of Spain | Reuters: "In the euro zone's simmering debt crisis, the Battle of Spain will likely be decisive in 2011.
But the European Union is preparing to fight it with one hand tied behind its back because Germany is blocking any financial lifeline for a country until it is actually drowning.
Astonishingly , China pledged last week to buy Spanish government bonds, is doing more to help Madrid than Berlin.
After Greece and Ireland received EU-IMF bailouts last year to cope with their swollen public debts and deficits, Portugal is everyone's next candidate for a rescue despite efforts to put its public finances in order."
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