EU funds are not for Spain bank shareholders - Almunia
MADRID Nov 5 (Reuters) - European Union rescue funds cannot be used to compensate shareholders in Spain who lost money on bank preference shares, the EU's competition chief Joaquin Almunia said on Monday.
"If it is necessary to compensate (shareholders) it can only be done with money from Spain," Almunia told reporters at a breakfast in Madrid.
- Malaysia Airlines plane missing at sea off Vietnam, presumed crashed |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Malaysian plane crashed off Vietnam coast: state media
- No signal picked up from missing Malaysia Airlines plane-Vietnam official