Sunday, June 10, 2012

Spain's Rajoy hails bank rescue as 'victory for euro'

Breaking news

Spanish Prime Minister Mariano Rajoy has hailed a decision by eurozone finance ministers to help Spain shore up its struggling banks as a victory for the common currency.

"It was the credibility of the euro that won," he told reporters.

On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help banks hit by bad property loans.

The US and the International Monetary Fund (IMF) also welcomed the move.



Source & Image : BBC

No comments:

Post a Comment