Topic - Luis De Guindos

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Spanish Economy Minister Luis de Guindos gestures during a news conference at the Ministry of Economy and Competitiveness in Madrid on Saturday, June 9, 2012. Spain will ask for a bailout for banks felled by bad real estate loans, in an about-face that European officials welcomed Saturday and said could cost up to 100 billion euros ($125 billion). A rescue for Spain will be Europe's fourth since the single currency bloc's debt crisis erupted two years ago. (AP Photo/Andres Kudacki)

Europe bailout of Spain could cost $125B

By Daniel Woolls and Sarah DiLorenzo - Associated Press

Spain: 2011 deficit could be higher than 8 percent

By Daniel Woolls - Associated Press