Spain has asked the EU for 100 billion euros

Discussion in 'Economics' started by Grandluxe, Jun 9, 2012.

  1. NEW YORK (CNNMoney) -- Spain has asked the European Union for up to €100 billion ($125 billion) to provide a capital buffer for the nation's ailing banks, the Eurogroup said Saturday.

    "The Eurogroup has been informed that the Spanish authorities will present a formal request shortly and is willing to respond favorably to such a request," the group said in a statement.

    First Published: June 9, 2012: 12:13 AM ET

    http://money.cnn.com/2012/06/09/investing/imf-spain/index.htm?hpt=hp_t1
     
  2. I heard they don't know how much yet but they said at least £32 billion. I heard $125 bn too. It will end up like $300 or $700.

    They will keep the Euro going till 2014 then they will not be able to.
     
  3. its all covered on Zerohedge.
     
  4. Lucrum

    Lucrum

    I didn't know the EU had any Euros left to give away.

    Is there an online form to file a request for Euros? I wouldn't mind getting some as well.
     
  5. They will be getting it from the EFSF most likely.
     
  6. "Give me control of a nation's money supply, and I care not who makes its laws." --Rothschild
    Just print up your own money exclusively for your friends/family/community.
    Hitler did the same.
    http://goo.gl/CKppN
     
  7. Here comes the short squeeeeeeze.