Spain Seen Seeking Bank Aid

Investor's Business Daily
June 2012
Investors Business Daily;6/11/2012, pA01
2.� �Madrid was expected to request eurozone bailout funds to recapitalize its ailing banks, sources told Reuters, a day after Fitch slashed Spain's credit rating by 3 notches to BBB. It isn't clear how much aid Spain would seek, or what conditions Germany and others might insist on. The hope is to finalize a deal before Greece's June 17 election, which could lead to an anti-bailout gov't � and that country's near-term euro exit.


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