Sunday, June 10, 2012

Spain: bank bail-out could cost $125 billions

The Washington Times Online Edition  
Sunday, June 10, 2012
Today's Top Stories
Spain's Economy Minister Luis de Guindos gestures during a news conference at the Ministry of Economy and Competitiveness in Madrid, Spain, Saturday, June 9, 2012. Spain will ask for a bailout for banks felled by bad real estate loans, in an about-face that European officials welcomed Saturday and said could cost up to euro100 billion ($125 billlion). A rescue for Spain will be Europe's fourth since the single currency bloc's debt crisis erupted two years ago. (AP Photo/Andres Kudacki)

Europe bailout of Spain could cost $125 billion

Europe is to offer Spain a bailout package of up to €100 billion ($125 billion) to help rescue the country's banks and keep the 17-country eurozone from breaking apart.
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