Euro finance ministers agree on bailout for Spain

Published July 10, 2012 6:41am ET



BRUSSELS (AP) — Euro area finance ministers agreed early Tuesday on the terms of a bailout for Spain’s troubled banks, saying that €30 billion ($36.88 billion) can be ready by the end of this month.

The finance ministers for the 17 countries that use the euro as their official currency will return to Brussels on July 20 to finalize the agreement, having first obtained the approval of their governments or parliaments, eurozone chief Jean-Claude Juncker said.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.