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The yield on Spanish 10-year bonds has spiked this month to just under 4.1 percent from about 3.7 percent in March as investors have digested the fact that Spain's refinancing obligation for this year is about the size of the Greek economy.
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Portugal has already received about 20 billion euros ($28.4 billion) of the bailout financing, which the previous Socialist government requested in April to meet debt refinancing obligations and avoid a default.
Concerns are particularly acute for Portugal because of its refinancing obligations and worsening economic outlook.
Those developments heightened concerns about the country's ability to meet refinancing obligations.
Mr. Monti also dismissed the idea that Italy would need such help to meet its immediate refinancing obligations.
This past week, the two most indebted regions, Catalonia and Valencia, requested emergency funding from Madrid to meet their debt refinancing obligations and pay suppliers of health and other basic services.
International creditors will also be met in Lisbon with deep suspicion that a bailout, while necessary to meet Portugal's immediate refinancing obligations, might not guarantee longer-term financial security.
Unable to issue more debt to private investors or financial markets, Catalonia was forced last month to request $6.5 billion in emergency aid from Madrid in order to meet its refinancing obligations.
Pescanova filed for bankruptcy protection on March 1 after failing in an effort to divest some assets to help meet its debt refinancing obligations, which this year amount to about 200 million euros, or $260 million.
However, he then remained at the controls of a caretaker government that was forced to request and then negotiate a bailout package with the European Union and the International Monetary Fund because of the country's inability to meet its refinancing obligations.
The political standoff was followed by Portugal's bailout request in early April after the government also failed to meet its 2010 deficit target and after investors sent its borrowing costs to record highs, heightening concerns about its ability to meet forthcoming refinancing obligations.
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