belfasttelegraph

Wednesday 22 May 2013

€39.5bn bailout handed to Spain

Spain's economy ministry said €39.5bn (£31.8bn) in bailout aid approved by European authorities for the country's troubled banks has arrived.

A spokeswoman said the money is now with a state-run fund set up to help those entities worst hit by the property market collapse in 2008. The funds are part of a €100bn (£80.5bn) package.

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