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Europe Daily Bulletin No. 10631

12 June 2012
ECONOMY - FINANCE - BUSINESS / (ae) spain
Banking sector - maximum European aid of €100 billion

Brussels, 11/06/2012 (Agence Europe) - Spain has become the fourth eurozone country to officially request international financial aid to bail out its banking sector that has suffered a massive downward plunge due to problems in the real estate sector. The country was unable to provide the necessary financing alone. The amount of aid has been set at a maximum of €100 billion and is conditional on reforms that exclusively focus on the Spanish financial sector. This approach is less intrusive...

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