Debt crisis: Spain requests bailout to save banks

By Emma Rowley and Bruno Waterfield – After hours of crisis talks between eurozone finance ministers, Spain’s Luis de Guindos confirmed that the country will ask for money to aid its stricken financial sector.

“Since the funds will be asked for to attend to the financial sector’s needs, it has been agreed with the eurogroup that it will be specifically for the financial system only.”

No economic or fiscal reforms are attached. more>


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