Spain considers aid request from eurozone
Source: Agencies |
October 14, 2012, Sunday
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Print Edition
Print Edition
SPAIN could ask for financial aid from the eurozone next month, and if it does, the request would likely be dealt with alongside a revised loan programme for Greece and a bailout for Cyprus in one big package, eurozone officials said.
The Spanish government is considering the conditions of such a rescue package and has said it would take a decision only once it has more clarity on the conditions and the scope of the aid.
Spain replaced Greece, Ireland and Portugal as the main focus in the eurozone debt crisis earlier this year after its crippled banks, highly-indebted regions, a second recession in three years and soaring debt unnerved investors. In June, Madrid obtained a 100- billion-euro lifeline for its banks.
The Spanish government is considering the conditions of such a rescue package and has said it would take a decision only once it has more clarity on the conditions and the scope of the aid.
Spain replaced Greece, Ireland and Portugal as the main focus in the eurozone debt crisis earlier this year after its crippled banks, highly-indebted regions, a second recession in three years and soaring debt unnerved investors. In June, Madrid obtained a 100- billion-euro lifeline for its banks.
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