Spain faces regional dissent ahead of local elections , 1 billion euros in debt repayments due this month . Spain faces regional dissent ahead of local elections , 20 billion euros ( $ 25 billion ) in debt repayments this month , violent protests on the street , savage budget cuts and devastating unemployment rates . Spain is already poised to use Europe 's deficit funds to help its banks , which owe almost 60 billion euros . The world 's fourth largest economy will need a sovereign debt , market experts say .
Spain faces regional dissent ahead of local elections , 1 billion euros in debt repayments due this month . Spain is already poised to use Europe 's deficit funds to help its banks , which owe almost 60 billion euros . The world 's fourth largest economy will need a sovereign debt , market experts say .