Spain Says It Will Accept Debt Aid From Eurozone

The nation's economy minister is careful to avoid the word 'bailout' when announcing that the government will request assistance from European rescue funds.MADRID — Europe offered Spain a lifeline Saturday to rescue its deeply indebted banks, after Madrid begrudgingly acknowledged that it would become the fourth and largest Eurozone government to seek aid to contain the continent's debt crisis.

Topics:  european   spain   madrid   eurozone   europe   madrid   debt   aid   government   rescue   
  • UPDATE 3-Rajoy says Spain won't request aid this weekend
    "But, if it helps, and you accept that what I say is more important than this leak, I say no (we won't ask for aid this weekend ... Shut out of international debt markets and facing debt redemptions worth almost 16 billion euros ($20.7 billion) before ...
    10/2/2012 - 2:47 am | View Link
  • Spain reluctant to accept EU cure
    (Reuters/Miguel Vidal) / Reuters The EU and Spain are trying to come to terms over a rescue plan for the debt ridden European economy. The government remains unwilling to apply for international aid, but analysts say asking for a bailout is essential.
    09/21/2012 - 12:14 am | View Link
  • Italy and Spain coy over rescue fund aid
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    08/2/2012 - 4:20 am | View Link
  • Spain’s Bond Yields Move Above 7%
    The three forces have joined to make Spain’s own sovereign debt unattractive. And the 7% payout needed to borrow money is a sign that capital markets investors demand that level to accept the risk ... for Spain to take the aid. According to MarketWatch ...
    07/8/2012 - 6:27 pm | View Link
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    06/15/2012 - 4:34 am | View Link
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