Spain's ailing banks won't likely need to tap all the Euro 100 billion ($125.7 billion) that's been made available by the country's euro partners, AP cited Economy Minister Luis de Guindos as saying Monday. In a further indication that Spain's economic problems are not as acute as some in the markets have been fearing, De Guindos also insisted that no additional austerity measures will be needed to meet the Spanish government's deficit-reduction target. Spain is battling to avoid the same bailout fate as Greece, Ireland, Portugal and Cyprus.
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All rights reserved to Arab Today Media Group 2021 ©
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