Europe weighs up limited Spanish rescue / Spanish government no longer in denial / Spain poised to seek bailout

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Series Details 7.6.12
Publication Date 07/06/2012
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Report says that European officials were weighing up on the 6 June 2012 a bailout programme for Spain that would aid its fragile domestic banking sector while imposing only 'very limited conditionality' on Madrid, a concession that could make a reluctant Spanish government more willing to accept international assistance.

The Spanish government would request the activation of a European rescue plan on the 9 June 2012 in order to recapitalize its banks, Reuters reported on the 8 June 2012, citing two official EU sources and another source from the German government.

Related Links
ESO: Background information: Five hundred years of crisis http://www.europeansources.info/record/five-hundred-years-of-crisis/
ESO: Background information: Spain makes explicit plea for bank aid http://www.europeansources.info/record/spain-makes-explicit-plea-for-bank-aid/
BBC News, 6.6.12: Spain: No request for bailout, says minister http://www.bbc.co.uk/news/business-18333240
El País,6.6.12: Spain to decide on bank bailout after outcome of audit known http://elpais.com/elpais/2012/06/06/inenglish/1338993742_292998.html
Spiegel Online International, 6.6.12: Possible Deal Takes Shape on Aid for Spain's Banks http://www.spiegel.de/international/europe/possible-compromise-deal-on-european-aid-to-spanish-banks-a-837313.html
EUObserver, 8.6.12: Spain downgraded amid talk of bail-out-lite http://euobserver.com/19/116544
BBC News, 8.6.12: Spain bailout talks 'not ruled out' for weekend http://www.bbc.co.uk/news/business-18368024
El País, 8.6.12: European sources say Spain expected to request bailout on Saturday http://elpais.com/elpais/2012/06/08/inenglish/1339154313_930811.html
EurActiv, 8.6.12: Downgraded Spain seeks 'at least' 40bn bank bailout http://www.euractiv.com/euro-finance/downgraded-spain-seeks-40bn-bank-news-513196
BBC News, 9.6.12: Eurozone ministers discuss Spanish bank rescue http://www.bbc.co.uk/news/business-18377482

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