Monday, November 20, 2017
News: Page (1) of 1 - 06/09/12 Email this story to a friend. email article Print this page (Article printing at page facebook
Swedish PM: 'Talk' Spain needs $100B rescue loans
Swedish prime minister says there is 'talk' Spain may need almost $100 billion in rescue loans
By The Associated Press

STOCKHOLM (AP) ' Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to '80 billion ($99.74 billion).

Fredrik Reinfeldt, whose country is not part of the eurozone, spoke with national broadcaster Swedish Radio ahead of an emergency conference call between European finance ministers Saturday.

He said the situation in the southern European country "is serious" and "that in reality we're talking about one of the greatest financial rescue operations the world has seen."

A report from the International Monetary Fund on Saturday estimated Spanish banks need a recapitalization injection of at least '40 billion ($50 billion), but Reinfeldt says "there's talk about up to '80 billion."

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines