Economy - Voice of America: Spanish PM Hails Bank Rescue Plan

Economy - Voice of America economy-and-business

Spanish PM Hails Bank Rescue Plan Jun 10th 2012, 14:01 Spanish Prime Minister Mariano Rajoy has welcomed a European financial lifeline of up to $125 billion to rescue his country's failing banks. Mr. Rajoy told reporters Sunday that efforts by his center-right government had prevented a wider state bailout and that the assistance his country is receiving is different than that received by Greece, Ireland and Portugal. He says the decision to prepare a bailout was difficult, but sends a "clearly defined message the euro is an ... Media files: 2B22932D-54DB-4D2F-B025-A327772163FB_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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