Arab Today, arab today merkel praises spain\s bailout request
Last Updated : GMT 02:00:43
Arab Today, arab today
Arab Today, arab today

Merkel praises Spain\'s bailout request

Arab Today, arab today

Arab Today, arab today Merkel praises Spain\'s bailout request

Berlin - DW

Angela Merkel has spoken out in favor of Spain\'s requested bailout of its banking sector for the first time, adding that Spain will face different conditions than countries who received complete sovereign bailouts. For the first time since Spain announced it would be seeking help from the European Union for its banking sector, German Chancellor Angela Merkel has commented on the move, saying Spain had made the right decision in applying for a recapitalization of its banks. However, Merkel was clear to say that any aid for Spain\'s banking sector would not come without strings attached. \"There will of course be conditions for Spain,\" Merkel said on Tuesday in Berlin at the economic council of her party, the Christian Democrats (CDU). \"Namely, a restructuring of its own banking system to make it fit for the future.\" Different conditions This would be, according to Merkel, different than conditions applied to countries that have sought bailouts to cover an entire sovereign economy, such as Greece, Ireland, or Portugal. In the case of Spain, the bailout only applies to the banking sector. Reflecting on the European Union as a whole, Merkel said the bloc must stick by the agreed reforms until the end to make sure they bear fruit. \"It would be fatal, now that some countries have started to move in the right direction, to stop halfway there,\" she said. The structural reforms, which would include a financial supervisory body at the European level, are seen by some European politicians as necessary to help get the eurozone out of its current crisis. \"If we need European institutions that keep a better eye on things, then we have to give up some of our national jurisdiction,\" Merkel said, referring to concessions that would have to be made to the EU should the reforms be put into place. More than just spending Meanwhile, French President Francois Hollande said in a speech to France\'s Social, Environmental, and Economic Council that spending alone would not be the only way to spur economic growth and bring about a European recovery. \"[Growth] will not be born of supplemental public spending,\" he said. \"It can emerge from our common European desire to put new instruments in place: eurobonds, financial instruments - we can think big.\" Merkel opposes the idea of \"eurobonds,\" which would be jointly-guaranteed eurozone government debt. She favors a mix of austerity and structural reforms to pull Europe back from the brink.

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*

Arab Today, arab today merkel praises spain\s bailout request Arab Today, arab today merkel praises spain\s bailout request

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday