First part of financial help for Spain ready in July…

Tuesday, 10 July 2012 02:51

Finance Ministers of Euro area reached an agreement on the terms of financial aid for Spain. The first transfer of 30 billion euro will be send by the end of July- Eurogroup chairman Jean-Claude Juncker announced today.
Last month Spanish partners from euro zone requested banking support with value of 100 billion euro, but the exact size was not determined yet, because of needs of individual banks.