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Europe Daily Bulletin No. 10744

5 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) eurogroup
First instalment of aid to Spanish banks paid out in a week

Brussels, 04/12/2012 (Agence Europe) - Eurozone finance ministers are happy with progress in the Spanish bank bailout that will require nearly €40 billion of aid from the European Stability Mechanism (ESM). After a Eurogroup meeting on Monday 3 December, the head of Eurogroup, Jean-Claude Juncker, said the programme was perfectly on track and meets all the criteria, and Eurogroup welcomed the ESM's decision to authorise the first instalment of aid in the middle of next week.

The EMS...

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