Spain bails out CajaSur bank

So, Spain has finally had to bail out one of their banks. The most surprising thing is that it has taken this long. The Spanish banks and Government have spent the last 2 years maintaining that they were in a better state than all the other countries that have bailed out banks etc. It has been clear to see though, from the state of the construction sector, and employment, that the banks in Spain, particularly the Caja's, were sinking under a sea of real estate debt and non performing loans and mortgages. So now, Spain is having to bailout CajaSur, almost two years after Northern Rock and the US banks, and with the situation of Greece etc so much worse. So rather than being better off, Spain is in a worse state, and 2 years behind........