ARM   RUS   ENG

Spain to get aid from EU on July

European governments will jump-start as much as 100 billion euros ($123 billion) in emergency loans to shore up Spain’s banks and may move the costs off the Spanish government’s balance sheet to shield the euro region’s fourth- largest economy from the debt crisis, the Bloomberg reports.

Spanish equities and bonds gained after finance chiefs agreed to make available 30 billion euros by the end of this month. The goal is to eventually use the euro-area bailout fund to recapitalize banks directly instead of saddling the government with the debts.

The initial cash will “be mobilized as a contingency in case of urgent needs in the Spanish banking sector,” Luxembourg Prime Minister Jean-Claude Juncker said early today in Brussels after chairing a nine-hour meeting of euro-region finance ministers. The program “will succeed in addressing the remaining weakness in the Spanish banking sector.”

10.07.2012, 12:46

Aysor.am

In case you have found a mistake in the text, please send a message to the editor by selecting the mistake and pressing Ctrl-Enter.
Share |






Newsline

21:00 • 25/07, H. Abrahamyan: Vorotan Hydro Cascade sale should be in state interests

20:37 • 25/07, Armenian president offers condolences over death of Sen Arevshatyan

20:26 • 25/07, Ousted Kyrgyz president Bakiev sentenced to life

19:44 • 25/07, Serzh Sargsyan conveys condolences to Algerian president

19:12 • 25/07, Indian teen has 232 teeth removed from mouth

18:41 • 25/07, EU expands sanction list over Ukraine issue

18:00 • 25/07, Shakaryan: Most people will prefer any other candidate to Erdogan

17:36 • 25/07, Sen Arevshatyan, former director of Matenadaran, dies

17:20 • 25/07, Typhoon Rammasun kills 62 in China

16:41 • 25/07, 31-year-old Gyumri man stabbed, undergoes surgery

16:18 • 25/07, R. Morningstar: US concerned over casualties on Contact Line

15:45 • 25/07, Criminal case opened in murder of Harutyun Grigoryan

15:13 • 25/07, Missing French citizen contacts police

14:46 • 25/07, Prosecutor requests 7 years for Hrachia Harutyunyan

14:34 • 25/07, The Netherlands to send 40 unarmed military police to MH17 site

13:10 • 25/07, Artyom Geghamyan appointed deputy justice minister of Armenia

12:28 • 25/07, French citizen reported missing in Armenia

10:53 • 25/07, Washington Post reporter apparently detained in Iran

10:35 • 25/07, Haykakan Zhamanak: Andarnik Mirzoyan to become deputy head of IC

10:19 • 25/07, Haykakan Zhamanak: Premier does not predict ‘hectic autumn’

10:00 • 25/07, Zhamanak: Bako Sahakyan may be appointed NSC director