Eurozone ministers agree 30bn euros for Spanish banks
Eurozone finance ministers have agreed to lend Spain 30bn euros (£24bn; $37bn) this month to help its troubled banks.
It will be the first instalment of a bailout of up to 100bn euros, which was agreed in June.
The ministers will need to get approval from their own parliaments and hope to make the payment by the end of July.
Jane Foley, senior currency strategist at Rabobank, says it is not clear how the money will be given to Spain yet.
10 Jul 2012
- From the section Business