Spain is to ask for a bank bailout from the eurozone, becoming the fourth and largest country to seek help since the single currency bloc's debt crisis erupted.<br /><br />Spain "declares its intention to request European financing for the recapitalisation of those banks that need it," Luis de Guindos, the economy minister, told a news conference in Madrid on Saturday.<br /><br />De Guindos said the aid will go to the banking sector only and thus does not come with new austerity conditions attached for the economy in general.<br /><br />Al Jazeera's Jonah Hull reports from Madrid.
