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:
  • ECB Preview: Watch Greece and Spain
    These conditions initially referred to the terms of the aid—the kind of policies ... or some other scheme to reduce Greece’s debt burden. Hopefully a reporter will ask about the ECB’s willingness to accept more Greek T-bills as collateral, if needed ...
    11/6/2012 - 9:27 pm | View Link
  • Oil steady on Wall Street gains, hope for Spain
    Analysts also said the new found enthusiasm for stocks also stemmed from hopes Spain may bow to pressure to accept international aid to help it wade through a tangle of recession, high unemployment and debt. Spain has been reluctant to ask for help ...
    10/16/2012 - 11:05 pm | 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
    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 ...
    08/2/2012 - 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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