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

Eurozone agrees to extend a further €30 bln to Spain Banks

Tue 10th Jul 2012
Eurozone agrees to extend a further €30 bln to Spain Banks

Financial Minsiters from Eurozone member states today agreed to offer further help to Spain and its struggling banks by agreeing to provide a further €30 billion in aid by the end of this month.

After 9 hours of talks, Jean-Claude Juncker, the Luxembourg premier who also currently holds the rotating presidency of the EU, said a memorandum of understanding for Spain would be formally signed in teh next few weeks in order to allow Spain to recieve the aid by the end of July.

At the same time, the 17 member states agreed to extend a deadline for Spain to cut its public deficit to the EU's 3.0% limit by one year to 2014 because of the difficult economic conditions it faces.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs