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:
  • Spain reluctant to accept EU cure
    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. A new Spanish rescue programme to be ...
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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 - 1:00 pm | View Link
  • Spain says it will accept debt aid from Eurozone
    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. After a ...
    06/11/2012 - 3:05 am | View Link
  • Spain Accepts Debt Aid
    Spain has agreed to accept aid that may total as much as $125 billion as it scrambles ... as the 17 nations that share the common currency continue to fight off spreading debt. Politicians and finance ministers in Europe and America have urged Spain ...
    06/10/2012 - 12:38 am | View Link
  • Spain to Accept Rescue From Europe for Its Ailing Banks
    The decision made Spain the fourth and largest European country to agree to accept emergency assistance as part of the continuing debt crisis. The aid offered by countries that use the euro was nearly three times the $46 billion in extra capital the ...
    06/9/2012 - 1:00 pm | View Link
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BING SEARCH:
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