By Annika Breidthardt and Andreas Rinke – While Berlin remains firm in its rejection of Spain’s calls for Europe‘s rescue funds to lend directly to its banks, the officials said that if Madrid put in a formal aid request, funds could flow without it submitting to the kind of strict reform program agreed for Greece, Portugal and Ireland.
Instead, Spain would only have to agree to new conditions tied to the reform of its banking sector. more> http://tinyurl.com/cbp35pt
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