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:
  • Rajoy says Spain won't request aid this weekend
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    10/2/2012 - 6:48 am | View Link
  • German finance min: no need for more Spain aid
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    09/21/2012 - 3:39 am | View Link
  • As Uncertainty About Bailout Lingers, Spain Sells $6 Billion in Short-Term Debt
    LONDON — Spain took advantage of improved bond-market sentiment in the euro zone to sell government debt on Tuesday ... Governments will need to request help, however, and accept conditions under the plans outlined by the central bank.
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