Spain Has No Choice Over its Economic Future

Friday, 20 Jul 2012 | 2:30 AM ET

As economic and social tensions -and not to mention borrowing costs- reach boiling point in Spain, Spain needs to introduce even more fiscal measures if it is to regain solvency - and frankly, the country doesn't have much of a choice, Antonio Garcia Pascual, chief southern European Economist at Barclays, told CNBC.