Euro zone ministers to consider Spanish bailout
BRUSSELS/BERLIN (Reuters) – The euro zone’s senior finance minister urged a rapid resolution of Spain’s debt crisis on Saturday before a meeting where he will lead discussions on a bailout of the country’s teetering banks. Several EU sources told Reuters on Friday that Madrid was expected to ask the currency bloc for help with recapitalizing its banks this weekend, becoming the fourth country to seek assistance since Europe’s debt crisis began. "There will have to be a quick solution," Jean-Claude Juncker, who chairs the Eurogroup of finance ministers, told German radio. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply