spain to make another eu bank bailout payment
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Spain to make another EU bank bailout payment

Arab Today, arab today

Arab Today, arab today Spain to make another EU bank bailout payment

Spain plans
Madrid - AFP

Spain plans to pay back 2.5 billion euros ($2.8 billion) in bailout loans it received in 2012 from the European Union to bolster its ailing banks, the economy ministry said Wednesday.

Madrid will transfer the funds to the EU rescue fund in July -- ahead of schedule -- an economy ministry spokeswoman said.

Spain has already reimbursed two tranches of the 41.4 billion euros in bailout funds it received for its banking sector, despite having decade to do so.

Madrid made a first repayment of 1.3 billion euros in July 2014, followed by a second installation of 1.5 billion euros in March 2015.

Spanish banks were battered when the country's decade-long housing bubble burst in 2008, spurring the state to nationalise some lenders and seek EU aid.

Spain's eurozone partners agreed in June 2012 to provide up to 100 billion euros to rescue its crippled banking system.

The Spanish economy, the eurozone's fourth-largest, returned to growth in 2014 with expansion of 1.4 percent after five years of recession.

The government expects the economy will expand by around three percent this year, faster than any other large eurozone country.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spain to make another eu bank bailout payment spain to make another eu bank bailout payment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spain to make another eu bank bailout payment spain to make another eu bank bailout payment

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday