Eurozone offers Spain 30bn euros |
News.com.au
Eurozone finance ministers have
agreed to offer Spain 30 billion euros ($A36.41 billion) this month to
help its distressed banks as they raced to battle market scepticism over
efforts to tackle the debt crisis.
BUT Asian markets were mostly lower and the euro fell, with
analysts saying the deal was far from enough to resolve the eurozone's
woes.
After nine hours of talks, Jean-Claude Juncker, the
Luxembourg premier who also heads the Eurogroup said a memorandum of
understanding for Spain would be formally signed "in the second half of
July," with 30 billion euros ($37 billion) available by the end of the
month.
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