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Spain says to need less than 40 bln euros of euro zone bank aid
November 19, 2012 / 11:17 AM / 5 years ago

Spain says to need less than 40 bln euros of euro zone bank aid

BRUSSELS, Nov 19 (Reuters) - Spain will probably tap less than 40 billion euros ($51 billion) of aid from the euro zone’s rescue fund to help recapitalise its banks, Deputy Economy Minister Miguel Temboury said on Monday.

Spain has agreed a credit line that could provide up to 100 billion euros in euro zone rescue funds for its banks.

“It seems likely that we need less than 40 billion,” Temboury told a conference in Brussels, although he declined to give more details. ($1 = 0.7871 euros) (Reporting by Robin Emmott; editing by John O‘Donnell)

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