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Image header Agence Europe
Europe Daily Bulletin No. 10637
ECONOMY - FINANCE - BUSINESS / (ae) spain

Bank bailout will increase public debt

Brussels, 19/06/2012 (Agence Europe) - The EU bailout for Spanish banks will be channelled through the Spanish state and therefore increase the country's public debt, explained the European Commission on Tuesday 19 June, but the Spanish government is still trying to get the cash to go directly to banks. A spokesman for Euro Commissioner Olli Rehn said that some mechanisms were already in place, and others would be introduced, but all financial aid goes to the country requesting it. He...

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