SPAIN BAIL OUT

SPAIN : 30 BILLION EURO BAILOUT PACKAGE FOR BANKS SUFFERING WITH REAL – ESTATE BAD LOANS

EURO ZONE MINISTERS AGREED ON IT TODAY.

MADRID IS ALSO GIVEN AN EXTRA YEAR TO MEET ITS STEEP BUDGET DEFICIT.

THE ECB IS WILLING TO DO MORE IF NEEDED TO SUPPORT THE BLOC’S STRUGGLING ECONOMY AND BANKS.

SOURCE : CNN, WSJ, FT.

PHLDUCX