TITLE

Eurozone offers Spain £24bn to aid banking sector

AUTHOR(S)
Salih, Chris
PUB. DATE
July 2012
SOURCE
Fundweb;7/10/2012, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that finance ministers of nations of Eurozone have agreed to lend 24bn pound to Spain by the end of July 2012 in bid to help its troubled banks. It has been informed that they have also agreed to extend the 2013 deadline for Spain to cut its budget deficit to the European Union (EU) limit of 3 per cent by one year.
ACCESSION #
77781137

 

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