Eurogroup OKs Spanish bank bailout

  • 12 years ago
The eurozone's finance ministers have approved an agreement to lend up to 100 billion euros to Spain so it can recapitalise its battered banks.

In a conference call, the 17 ministers agreed a lengthy memorandum of understanding. That detailed the terms of the aid, which will be fully disbursed by the end of next year. The exact size of the loan will not be determined until September.

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http://www.euronews.net/

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