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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  • Rajoy says Spain won't request aid this weekend
    or that they are not right," Rajoy said with a smile when asked about the Reuters' report. "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.)" Spain is the current focus of ...
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  • Spain urged to seek aid despite strong bond sale
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  • Spain urged to seek aid despite strong bond sale
    MADRID (AP) — Spain raised €4.8 billion ($6.2 billion) in a debt auction Thursday that saw strong demand and a substantial ... Mariano Rajoy that he is in no rush to request aid from the European Union, and therefore accept their bailout conditions."
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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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