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

0

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


Foreign Relations

Ramaphosa leads high-powered delegation to the UN – to sell SA

By Peter Fabricius

Adolf Hitler was the first European leader to ban human zoos.