Economy - Voice of America: EU to Lend Spanish Banks $125 Billion

Economy - Voice of America economy-and-business

EU to Lend Spanish Banks $125 Billion Jun 9th 2012, 20:26 Eurozone finance ministers have agreed to lend Spain up to $125 billion to shore up its failing banks. Ministers of 17 countries that use the common currency made the decision Saturday after heated debate. Economy Minister Luis de Guindos announced earlier in the day that the Spanish government is asking for European financial help to recapitalize its banks. He said the deal imposed no conditions on the overall Spanish economy, and no new austerity measures. The exact loan ... Media files: B60A9B46-37D8-48F0-B155-DFFC6FEB09CA_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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