EU denies Spanish credit line is being mooted

By Andy Rice 16 June 2010

Spanish newspaper El Economista published an article alleging that the EU, IMF and the US Treasury were planning on how to boost Spain's liquidity, with one option being extending a $335 billion credit line. The European Commission, however, has vehemently denied this. And a Spanish government spokesman said that a meeting between the prime minister and IMF chief scheduled for Friday is "unconnected" with reports that Spain is asking for a bailout. We wonder what they'll be talking about then. Read more: Reuters

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Mazzotti’s Smoke ‘n Mirrors – a matter of taxes, fraud, smuggling and cigarettes

By Jacques Pauw

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