Mon, 11 Jun 2012 07:19:37 GMT
Mariano Rajoy said financial aid to banks will shore up ailing economy
Spanish government agreed on Saturday to accept $125 billion in financial aid for Spanish banks. Prime Minister Mariano Rajoy said on Sunday that the EU bailout for the ailing banks will prop up the country's economy. "It will allow the restarting of credit to families, entrepreneurs, small and medium-sized businesses so that they can all carry out their projects," Mr.