Bundestag approves Spanish bailout with large majority

EUObserver and other news sources reported that the German Parliament on 19 July 2012 approved a bailout for the Spanish banking sector of up to €100 billion.

Eurozone finance ministers were set to iron out the final details of the bailout for Spain on the 20 July 2012, just as tens of thousands Spaniards took to the streets on the 19 July 2012 in protest against fresh spending cuts.

• Primary Source

ESO: Background information: Merkel faces up to stormy parliament http://www.europeansources.info/record/merkel-faces-up-to-stormy-parliament/

Deutsche Welle, 19.7.12: German lawmakers to debate aid for Spain http://www.dw.de/dw/article/0,,16104704,00.html

Spiegel Online International, 19.7.12: German Parliament Approves Spanish Bank Aid http://www.spiegel.de/international/germany/germany-approves-euro-bailout-payment-to-spanish-banks-a-845396.html

ESO: Background information: Spain bows to ‘bad bank’ idea / Eurozone draws up Spanish aid blueprint / Spain given extra time to cut deficit / Spain pressed to inflict losses on savers http://www.europeansources.info/record/spain-bows-to-bad-bank-idea-eurozone-draws-up-spanish-aid-blueprint-spain-given-extra-time-to-cut-deficit-spain-pressed-to-inflict-losses-on-savers/

BBC News, 19.7.12: German lawmakers approve Spain's bank bailout http://www.bbc.co.uk/news/world-europe-18911073

EUObserver, 20.7.12: Spanish bailout deal to be sealed amid protests http://euobserver.com/19/117022

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