Spain To Make Official Aid Request Monday

Spain's government said Friday it plans to make its official request for EU aid for its banking sector Monday, as discussions continue on ways to inject European aid funds directly into ailing Spanish banks.

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  • Spain makes official request for bank aid
    The Spanish government has formally asked the eurozone for cash to prop up its failing banks. The economy minister Luis de Guindos has sent a letter to the president of the eurogroup of finance ministers requesting help to recapitalise the sector.
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