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Home » Topics » Economy Minister Luis de Guindos

Spain requests €100 billion Euro loan to prevent financial meltdown

(AFP Photo/Philippe Huguen)

Spain formally requested a rescue loan of up to 100 billion euros ($125 billion) from its eurozone partners in a letter released Monday. No new figures were included in the letter, after reports by independent consultants last week said stricken Spanish banks could need up to 62 billion euros to…

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