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   
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BING NEWS:
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  • Italy and Spain coy over rescue fund aid
    Italy and Spain both declined to say whether they would request that Europe’s rescue fund buy their governments’ debt after Mario Draghi, European Central Bank president, said no such aid would come ... from the ECB to accept a painful economic reform ...
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  • Spain says it will accept debt aid from Eurozone
    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. After a ...
    06/11/2012 - 5:05 am | View Link
  • Spain to Accept Rescue From Europe for Its Ailing Banks
    The decision made Spain the fourth and largest European country to agree to accept emergency assistance as part of the continuing debt crisis. The aid offered by countries that use the euro was nearly three times the $46 billion in extra capital the ...
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