Economy/Business News Alert: Spain to seek bank bailout from euro zone

Saturday, June 9, 2012

   
The Washington PostSaturday, June 9, 2012 2:11:34 PM
ECONOMY/BUSINESS NEWS ALERT

Spain to seek bank bailout from euro zone


Spain will ask for a bank bailout from the euro zone, becoming the fourth and largest country to seek help since the single currency bloc's debt crisis erupted.

Economy Minister Luis de Guindos gave no figure as to how much Spain will request, saying that he would wait until independent audits of the country's banking sector have been carried out before asking for a specific amount.



Read more at:
http://www.washingtonpost.com/world/europe/spain-decision-could-come-very-soon-whether-to-seek-bailout-for-ailing-banking-sector/2012/06/08/gJQAJM36OV_story.html



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