Locatie: Netherlands

When I was young, I delayed prosperity for my country.

maandag, juni 11, 2012

Spain rescue 'a victory for euro'

Breaking news

Spanish Prime Minister Mariano Rajoy has hailed a decision by eurozone finance ministers to help Spain shore up its struggling banks as a victory for the common currency.

"It was the credibility of the euro that won," he told reporters.

On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; �80bn) to help banks hit by bad property loans.

The US and the International Monetary Fund (IMF) also welcomed the move.


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