Day: June 9, 2012

Spain is to get up to 100bn euros ($125bn; £80bn) in loans from eurozone funds to try to help shore up its struggling banks. The move was agreed at an emergency meeting of eurozone finance ministers after a conference call on Saturday. Make no mistake – this is a rescue of the Spanish state, but in a roundabout way to reassure the common investor. The State can’t afford to bail out its banks, and so Continue reading Spain get 100 billions euros in rescue package→