By Marcus Leach

Spain's problems look set to be continuing following their formal request for a bailout loan for its struggling banking sector.

They have requested a loan of 100 billion euros ($125 billion; £80 billion) from their eurozone partners. It is believed, from independent audits, the Spanish banks need in the region of 62 billion euros to stabilise themselves.

Spain's economy ministry said that the audits, and a report from the IMF, should be a starting point.

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