Eurozone offers Spanish banks urgent aid

Note: This section contains information in English only.
Source: Bloomberg
EU governments will start with providing EUR100 billion loans to help Spanish banks to recover and could write off these costs from the Spain's government balance sheet. EUR30 billion will be provided by the end of July to support banks directly, without adding to the existing government debts as it was initially planned. Policymakers also expressed their intentions to offer concessions to Ireland and delay Greece's cash crunch.

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