Sunday, June 10, 2012

Spain Will Seek European Union’s Help to Rescue Its Banks

The announcement came after a meeting Saturday of European finance ministers that had been called to discuss a bailout.
A euro zone official, speaking on the condition of anonymity after the meeting, said the ministers had offered Spain up to 100 billion euros, or $125 billion, with the amount to be finalized when the results of the independent banking audits underway in Spain are available.
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