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   
BING NEWS:
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    10/15/2012 - 1:00 pm | View Link
  • Spain's Catalonia region
    Catalonia is also the region in Spain with the heaviest debt: 42 billion euros, 21 percent of its regional GDP. Last month it asked the cash-strapped central government in Madrid for 5 billion euros in emergency aid to ... Spain will accept a change ...
    09/11/2012 - 1:00 am | View Link
  • Spain's PM expects "reasonable" terms for any new aid
    Spain has already received aid ... debt. But he said the bank would only act after a request to the euro zone rescue fund, something that would come with strict conditions. “I will look at the conditions. I would not like, and I could not accept, being ...
    09/9/2012 - 1:00 pm | 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
  • 2012 Article IV Consultation with Spain--Concluding Statement of IMF Mission
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    06/15/2012 - 4:36 am | View Link
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BING SEARCH:
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  • Euro-zone debt crisis | Britannica.com
    Euro-zone debt crisis: period of economic uncertainty in the Euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in the countries that were grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain).
    04/19/2018 - 7:49 pm | View Website
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    04/19/2018 - 5:30 am | View Website
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    Early Settlement. Jews lived in Spain in very early times, although the legend that Solomon's treasurer Adoniram died there, as well as the story that the Jews of Toledo, in a letter addressed to the Sanhedrin at Jerusalem, declared against the crucifixion of Jesus, can not be credited.
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