Spain insists Greece is heading towards third bailout

Spain's economy minister on Wednesday again raised the prospect of Greece heading for a third bailout, as it is unlikely to regain access to capital markets before its current programme expires in June. Economy Minister Luis de Guindos, one of the frontrunners to take over the presidency of the Eurogroup of finance ministers this year, said "unfortunately it is not very likely" that Greece will be able to return to finance markets. We can call it an agreement, accord, pact, progra