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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  • 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.
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  • Spain's PM expects "reasonable" terms for any new aid
    Spain has already received aid of up to 100 billion euros (79.96 billion pounds ... programme to ease the rates being paid by Spain and Italy for their sovereign debt. But he said the bank would only act after a request to the euro zone rescue fund ...
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  • Now debt-stricken Spain starts talks to get huge bailout
    In a move that will renew fears of a collapse of the single currency, Spanish officials have discussed an aid package for its sovereign ... said earlier this month that the party was prepared to accept collective debt liability if Germany is granted ...
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