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Image header Agence Europe
Europe Daily Bulletin No. 10693
Contents Publication in full By article 19 / 27
ECONOMY - FINANCE - BUSINESS / (ae) spain

Promised aid will only be used for banks

Brussels, 20/09/2012 (Agence Europe) - The European Commission believes that the €100 million promised by the eurozone to Spain will only be used to recapitalise and bail out Spanish banks after the collapse of the property bubble. Speaking on Thursday 20 September 2012, a spokesperson for Olli Rehn, the European Commissioner, said the money was not planned to be used for anything but helping Madrid refinance Spanish banks, thus brushing aside a report in Spanish newspaper El País that...

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