- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain plans to pay back 2.5 bn in bailout loans it received in 2012 from the EU to bolster its ailing banks, the economy ministry says.
Madrid will transfer the funds to the EU rescue fund in July - ahead of schedule - an economy ministry spokeswoman said.
Spain has already reimbursed two tranches of the 41.4bn in bailout funds it received for its banking sector, despite having decade to do so.
Madrid made a first repayment of 1.3bn in July 2014, followed by a 2nd installation of 1.5bn in March 2015.
Spanish banks were battered when the country's decade-long housing bubble burst in 2008, spurring the state to nationalise some lenders and seek EU aid.
Spain's eurozone partners agreed in June 2012 to provide up to 100bn to rescue its crippled banking system.
The Spanish economy, the eurozone's 4tgh-largest, returned to growth in 2014 with expansion of 1.4% after 5 years of recession.
The government expects the economy will expand by around 3.0% this year, faster than any other large eurozone country.
Recommended Reading :
* Rajoy : "Who's talking about bailouts, recession or unemployment ?"
* Spain approves spending package a week before elections