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Spain To Seek Bailout; Up To $125 Billion On Table

Spain will seek financial help from its Eurozone partners but exactly how much won’t be known until private audits are undertaken, the country’s economy minister announced Saturday.

Earlier, European finance ministers discussed plans to offer Spain up to $125 billion in a bid to stabilize its banks. That amount was described as an upper limit, not an indication of what Spain would ask for.


 

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