Arab Today, arab today spain negotiating direct aid to banks with eu
Last Updated : GMT 06:51:55
Arab Today, arab today
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Spain negotiating direct aid to banks with EU

Arab Today, arab today

Arab Today, arab today Spain negotiating direct aid to banks with EU

Rome - ANSA

Spain is negotiating a plan to recapitalise the Spanish banking system with the European leaders. The plan involves direct aid, but not as part of an international bailout with new austerity measures, El Pais reports, quoting a source in the Spanish government. The newspaper explains that the plan is based on the idea of a direct support mechanism for all European banks, surpassing the legal obstacles of a similar intervention with \'\'intergovernmental agreement.\"(ANSAmed).

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