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EU denies planning Spain credit line with IMF

Source: Reuters - Wed 16th Jun 2010

The European Commission on Wednesday denied a newspaper report that the European Union, the IMF and the U.S. Treasury were drawing up a liquidity plan for Spain including a credit line of up to 250 billion euros ($335 billion).

The report, in the newspaper El Economista, was "very bizarre", Commission spokesman Amadeu Altafaj said.

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