The European Comission clarified on 100 billion Euro lent to Spain

Source: Reuters
Spanish daily newspaper El Pais misinterpreted Eurogroup's decision and published an article saying that the money left out of 100 billions Euro issued by Eurozone to Spain might be spent on buying public debt. Though on Thursday, July 19, the European
Commission clarified on this announcement. It turned out that 100 billion euro could be used for recapitalizing Spanish banks only, without exception. All other types of financial assistance might be additionally requested and negotiated further.
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Thu, 19 Jul 2012 14:18:18 GMT

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