Economy - Voice of America: Spain, Cyprus Looking for Outside Aid for Ailing Banks

Economy - Voice of America economy-and-business

Spain, Cyprus Looking for Outside Aid for Ailing Banks Jun 25th 2012, 14:32 Spain, one of the euro currency bloc's biggest economies, formally sought a bailout for its financially troubled banking system Monday. Meanwhile, Cyprus - one of the eurozone's smallest countries - is also looking for help for its distressed banks. The twin bids in Madrid and Nicosia for outside assistance for their ailing banks kicked off a week of uncertainty in the 17-nation currency union as the continent's leaders head to a European Union summit in Brussels on Thursday ... Media files: BAC98A35-2F40-4493-8A29-232CD86ABAA5_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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