- A significant part of this (bailout for Spanish banks) has to do with ring-fencing Greece, says Jacob Kirkegaard, a research fellow at the Peterson Institute for International Economics in Washington. This is enough to prevent added market contagion. (msnbc.com)
- While European soccer players were expertly kicking the ball down the field this weekend in the Euro 2012 tournament, European finance ministers were expertly kicking their debt crisis down the road. (Huffington Post)
- After months of denials, a short Eurogroup Statement shows Spain will submit a formal request to Brussels for a bailout. Here is the statement in full. (Town Hall)
- Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated its intention to ask the Eurogroup for help. (india.nydailynews.com)
- A bailout for Spains teetering banks, once requested by Madrid, could amount to as much as 100 billion euros ($125 billion), two senior European Union sources told Reuters on Saturday. (CNBC)
- The markets made some progress last week based mainly on speculation a bailout for Spanish banks was coming soon. (Seekingalpha.com)
- The Spanish parent of Boston-based Sovereign Bank has been battered by the European economic crisis in recent months, but insists it remains financially strong and doesn't need a bailout. (The Boston Globe)
- BRUSSELS/BERLIN, June 9 (Reuters) - The euro zones senior finance minister urged a rapid resolution of Spains debt crisis on Saturday before a meeting where he will lead discussions on a bailout of the countrys teetering banks. (Reuters UK)
- Spain become the fourth euro zone country to request some sort of financial assistance on Saturday. Spain will ask the European Union for loans to help bail out its banks of up to €100 billion. See full story. (Marketwatch)
- June 9 (Bloomberg) -- Spain asked euro region governments for a bailout worth as much as 100 billion euros ($125 billion) to rescue its banking system as the country became the biggest euro economy so far to seek international aid. (San Francisco Gate)
Sunday, June 10, 2012
Spanish Bailout
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