Spain may initially seek aid from the euro zone's temporary rescue
fund to bail its banks out, with a plan for the loan to be taken over
later by the permanent fund, Reuters reported Thursday, citing euro
zone officials.
Euro zone finance ministers informally agreed that Spain could apply
to the European Financial Stability Facility, then the European
Stability Mechanism could eventually take over, the officials told
Reuters.
"This was decided informally, because there is no formal request from
Spain yet," one euro zone official told Reuters.
Full story at http://www.reuters.com/article/2012/06/21/eurozone-spain-idUSL5E8HLDV620120621
Write to nymonitoring@dowjones.com
(END) Dow Jones Newswires
June 21, 2012 15:50 ET (19:50 GMT)
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