World Week Ahead: Spanish rescue, Greek vote

Sun, 10 Jun 2012

By Margreet Dietz June 11 (BusinessDesk) - Europe has agreed to help Spain by providing as much as 100 billion euros to bail out the nation's bleeding banks in the fourth—and largest—euro zone member rescue as the region's debt crisis continues to swirl. “The Spanish government declares its intention of seeking European financing for the recapitalisation of the Spanish banks that need it,” Spanish Economy Minister Luis de Guindos told reporters in Madrid on Saturday. "The loan amount must cover estimated capital requirements with an addit...

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