Spanish's banking crisis has been developing like the speed of light. Lots of money are being taken away by investors due to its problem and this is the time they really need to use the money to recover all the debts and to support its banking system.
Investors are being driven away, pushing up its borrowing cost and making it more likely to need a bailout.
The country also faces a bond repayment of almost 13 Billion Euros next month and also 20 Billion Euros due in October.
Spain also has an unemployment crisis with more than half of those more than 24 out of work!
The IMF is now in the country for its annual economic review, with the mission expected to last until the middle of the month.
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