Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Euro zone won't decide on Spain banks Monday

Source: Reuters - Sun 8th Jul 2012
Euro zone won't decide on Spain banks Monday

Euro zone finance ministers will not make a decision at their meeting next Monday on aid for the Spanish banking sector, as there is no report yet available from the "troika" inspectors, Germany's finance ministry said on Friday.

"So far we have no report on the table, so there won't be any decision on Monday," said finance ministry spokesman Martin Kotthaus.

The signature of a Memorandum of Understanding for up to 100 billion euros of aid for Spain's banks was originally scheduled for next Monday, when finance ministers from the 17 countries in the currency bloc hold their monthly meeting in Brussels.

But the date for the final agreement has slipped, reportedly to July 20, to allow more time for negotiations.