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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  • As Uncertainty About Bailout Lingers, Spain Sells $6 Billion in Short-Term Debt
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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 ...
    08/1/2012 - 7:45 pm | View Link
  • Spain Accepts Debt Aid
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    06/10/2012 - 12:38 am | View Link
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