Euroland agreed to help Spain and Italy…

Friday, 29 June 2012 02:21

The decision of helping Spanish and Italian banking was taken during still lasting Summit in Brussels. Both countries are under enormous pressure of constantly raising costs of debt.
The European leaders agreed that financial help for Italy and Spain will be paid from emergency found of European Financial Stability and European Stability Mechanism.

Spain already requested financial aid to banking system last week, while Italian Prime Minister announced that for now on his country does not apply for aid.