BBC News - Spain's Rajoy hails bank rescue as 'victory for euro'
Spanish Prime Minister Mariano Rajoy has hailed a decision by eurozone finance ministers to help Spain shore up its struggling banks as a victory for the European common currency. "It was the credibility of the euro that won," he told reporters. On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help banks hit by bad property loans.
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Sunday, June 10, 2012
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