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10.07.2012
The EU will allocate 30 billion to save Spanish banks
The EU will allocate 30 billion to save Spanish banks

Euro zone finance ministers agreed on the allocation of financial assistance to Spain in the amount of 30 billion euros to rescue the banking system affected by the debt crisis.

  An emergency meeting in Brussels lasted nine hours. By the end of his ministers reported that Madrid will be able to get the money by the end of July.

  In addition, Spain may be granted an extension to clean up public finances.

  Under existing arrangements, Madrid has cut the maximum budget deficit to 3% in 2013. This period may be extended for another year.

http://korrespondent.net/business/economics/1369974-evrosoyuz-vydelit-30-mlrd-na-spasenie-ispanskih-bankov

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