Brussels, 08/07/2014 (Agence Europe) - On Monday 7 July, the European stability mechanism (ESM) approved an early payment of €1.3 billion of the total loan of €41.3 billion borrowed by Spain from the ESM to bail out Spanish banks.
This is the first time a eurozone country has repaid some of its financial aid early and is intended to send a clear signal at home and to investors that Spain is deleveraging and emerging from the financial crisis. The ESM director general, Klaus Regling,...