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Euro zone agrees to lend Spain up to 100 billion euros
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Jun 9, 2012
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<p><a href="http://news.yahoo.com/merkel-says-eu-ready-act-spain-downgraded-001000399--business.html"><img src="http://l3.yimg.com/bt/api/res/1.2/ibbjuNOAWWh9Tw9mwX6jVQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-06-09T193527Z_1_CBRE8581IF600_RTROPTP_2_EUROZONE-SPAIN.JPG" width="130" height="86" alt="Spain's Economy Minister Luis de Guindos attends a news conference at the economy ministry in Madrid" align="left" title="Spain's Economy Minister Luis de Guindos attends a news conference at the economy ministry in Madrid" border="0" /></a>BRUSSELS/MADRID (Reuters) - Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week. After a 2-1/2-hour conference call of the 17 finance ministers, which several sources described as heated, the Eurogroup and Madrid said the amount of the bailout would be sufficiently large to banish any doubts. ...</p><br clear="all"/>
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