Daily WebLogs

Email, Print, Share. CLICK HERE.

Spain asks for $100 billion bailout

Jun 09, 2012


"BRUSSELS/MADRID, June 9 (Reuters) - Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week."

Spain is the "S" in PIGS. They join Portugal, Ireland, and Greece in the need for bailouts. This bailout makes PIGS plural.

Sharing / Blog Info

Category: Financial
Blog Author: Dr. Stephen Jones