Spain to Use $30 Billion "Fund for Orderly Bank Restructuring"; Spain’s Borrowing Costs Rise; Is an EU or IMF Bailout of Spain in the Works?
Posted on June 17th, 2010 in Economy | Comments Off
Inquiring minds are wondering if an EU or IMF orchestrated bailout of Spain is in the works. Spain denies it, but rumors of secret talks are running rampant. Please consider Spanish debt wilts amid €250bn rescue plan confusion European debt markets remain under high stress on persistent reports that Spain is in secret talks with EU officials and the International Monetary Fund for a support package of up to €250bn (