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 .
Spain faces regional dissent ahead of local elections , 20 billion euro in debt repayments due this month . 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 .