Spain's bank bail-out and supervision to end in January, says Eurogroup
Friday, November 15, 2013 @ 7:24 PM
SPAIN'S banks will come out of their 'bail-out period' in January without the need for any further European Union funding.
A Eurogroup report shows the country's financial institutions are now in a sound position, having only used 41.3 billion euros of the 100 billion bail-out fund applied for in spring 2012.
Spain has also avoided needing a bail-out for the country itself to cover its debts, as was the case with the Republic of Ireland, Portugal, Greece and Cyprus.
Read more at thinkSPAIN.com