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

Spain Cancels Lottery Loan Plan

Source: Expansion - Fri 26th Apr 2013
Spain Cancels Lottery Loan Plan

Central Government of Spain has taken the decision - for the second time in 12 months - to cancel plans to raise 6 billion through a loan backed by the country's state-owned lottery company Sociedad Estatal de Loterias y Apuestas del Estado SA.

The loan was intended to be put towards the financing needs of Spanish regional governments, reports Expansion in its Friday online edition, citing people involved in the process.

No reasons were given for the decision to scrap the plans, the paper adds.

In December, the government had already halted the lottery loan plan saying the financing needs for 2012 were already covered.

Click Now!

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs