Spain bank rescue 'very clear signal to markets'
Brussels - AFP
Spain's bank rescue accord is a very clear signal that the eurozone is ready to take action to calm the financial markets and limit debt contagion, Economic Affairs Commissioner Olli Rehn said Sunday. "It is a very clear signal to the market that the euro (area) is ready to take decisive actions in order to calm down market turbulence and contagion," Rehn said, adding that Spain would make a formal request for the aid of up to 100 billion euros ($125 billion), at the next eurozone finance ministers meeting.
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