Portugal faces regional dissent ahead of local elections , almost 60 billion euros in debt repayments due last week . Spain is already poised to tap Europe 's bailout funds to help its banks , which require almost 60 billion euros . At a press conference in Madrid last week , deputy economy minister Fernando Jiménez Latorre said Spain may ask for 40 billion euros of European aid while the rest of the money could come from the banks themselves . The eurozone 's fourth largest economy will need a sovereign bailout , market watchers say .
Portugal faces regional dissent ahead of local elections , almost 60 billion euros in debt repayments due last week . Spain is already poised to tap Europe 's bailout funds to help its banks , which require almost 60 billion euros . The eurozone 's fourth largest economy will need a sovereign bailout , market watchers say .