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Spain Sets Course for Full-Scale €300 Billion Bailout
Sunday, August 5, 2012 14:48
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Mariano Rajoy, Spain’s prime minister, steered the embattled nation towards a €300bn (£237bn) bailout yesterday as he said he was ready to act “in the best interests of the Spanish people”.
Mr Rajoy, who is struggling to convince dubious markets that he can bring Spain’s deficit back under control, has already asked for €100bn from Europe’s bailout pot for its debt-laden banking system. He inched closer to seeking a full-blown rescue yesterday as he said Madrid would have to carefully examine the conditions of such a bailout …. http://www.independent.co.uk
2012-08-05 14:45:10
Source: http://luismmx.blogspot.com/2012/08/spain-sets-course-for-full-scale-300.html
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