Friday, June 8, 2012

Spain: bailout decision could come this month

Spain's Prime Minister Mariano Rajoy, speaks during a press conference after a meeting with Netherlands' Prime Minister Mark Rutte at the Moncloa Palace, in Madrid, Thursday, June 7, 2012. Spain's Prime Minister appeared Thursday to have abandoned his insistence that the country's troubled banking sector will not need an external bailout, as for the first time he avoided ruling out such an option.(AP Photo/Daniel Ochoa de Olza)

Spain's Prime Minister Mariano Rajoy, speaks during a press conference after a meeting with Netherlands' Prime Minister Mark Rutte at the Moncloa Palace, in Madrid, Thursday, June 7, 2012. Spain's Prime Minister appeared Thursday to have abandoned his insistence that the country's troubled banking sector will not need an external bailout, as for the first time he avoided ruling out such an option.(AP Photo/Daniel Ochoa de Olza)

A homeless person sleeps in the doorway of a bank in Madrid Thursday June 7, 2012. Spanish Prime Minister Mariano Rajoy pleaded with European leaders "to support those that are in difficulty" and push toward greater fiscal unity - a step that might allow its troubled banks to get direct financial help. The call comes although Spain insists it doesn't need outside aid. (AP Photo/Paul White)

A demonstrator holds a banner reading in spanish "Bankia is a wild animal" during a demonstration next to a Bankia bank branch in Barcelona, Spain, Saturday June 2, 2012. Spain will stick to harsh austerity measures until it emerges from financial crisis, the prime minister said Saturday, promising that the country would survive the present economic turmoil. (AP Photo/Emilio Morenatti)

A woman uses an ATM cash point machine at a branch of the Bankia bank in Madrid, Wednesday, June 6, 2012. The Spanish economy is in recession for the second time in three years as the damage from a housing bust persists. Foreclosures are rising, Spain's banks are in worse financial shape and the government's deficit is hitting worrisome levels. The impact of the budget cuts has been brutal and unemployment has swelled to nearly 25 percent. Among people under age 25 it is a staggering 52 percent . (AP Photo/Daniel Ochoa de Olza)

MADRID (AP) ? Spain says it could decide this month on whether to request a bailout for its troubled banking sector.

Deputy Prime Minister Soraya Saenz de Santamaria said Friday the government will not act until receiving evaluations from the IMF on Monday and then two independent auditors Spain has hired. The economy ministry said on its website the latter are expected by June 21 at the latest.

The official said after a Cabinet meeting no decision on a bailout has been taken.

Commenting on reports that hat eurozone finance ministers will hold a conference call the Saturday on Spain, Saenz de Santamaria said that "no meeting is planned" but would not confirm or deny whether some kind of contact would take place.

Associated Press

2012 grammys foo fighters nikki minaj grammys album of the year nicki minaj grammy red carpet

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.