Spain has asked the EU for 100 billion euros

[Grandluxe]

NEW YORK (CNNMoney) -- Spain has asked the European Union for up to €100 billion ($125 billion) to provide a capital buffer for the nation's ailing banks, the Eurogroup said Saturday.

"The Eurogroup has been informed that the Spanish authorities will present a formal request shortly and is willing to respond favorably to such a request," the group said in a statement.

First Published: June 9, 2012: 12:13 AM ET

http://money.cnn.com/2012/06/09/investing/imf-spain/index.htm?hpt=hp_t1

 

[morganist]

Quote from Grandluxe:

NEW YORK (CNNMoney) -- Spain has asked the European Union for up to €100 billion ($125 billion) to provide a capital buffer for the nation's ailing banks, the Eurogroup said Saturday.

"The Eurogroup has been informed that the Spanish authorities will present a formal request shortly and is willing to respond favorably to such a request," the group said in a statement.

First Published: June 9, 2012: 12:13 AM ET

http://money.cnn.com/2012/06/09/investing/imf-spain/index.htm?hpt=hp_t1

I heard they don't know how much yet but they said at least £32 billion. I heard $125 bn too. It will end up like $300 or $700.

They will keep the Euro going till 2014 then they will not be able to.

 

[Cdntrader]

Quote from morganist:

I heard they don't know how much yet but they said at least £32 billion. I heard $125 bn too. It will end up like $300 or $700.

They will keep the Euro going till 2014 then they will not be able to.

its all covered on Zerohedge.

 

[Lucrum]

Quote from Grandluxe:

NEW YORK (CNNMoney) -- Spain has asked the European Union for up to €100 billion ($125 billion) to provide a capital buffer for the nation's ailing banks, the Eurogroup said Saturday.

"The Eurogroup has been informed that the Spanish authorities will present a formal request shortly and is willing to respond favorably to such a request," the group said in a statement.

First Published: June 9, 2012: 12:13 AM ET

http://money.cnn.com/2012/06/09/investing/imf-spain/index.htm?hpt=hp_t1

I didn't know the EU had any Euros left to give away.

Is there an online form to file a request for Euros? I wouldn't mind getting some as well.

 

[morganist]

Quote from Lucrum:

I didn't know the EU had any Euros left to give away.

Is there an online form to file a request for Euros? I wouldn't mind getting some as well.

They will be getting it from the EFSF most likely.

 

[4thaugust1932]

"Give me control of a nation's money supply, and I care not who makes its laws." --Rothschild
Just print up your own money exclusively for your friends/family/community.
Hitler did the same.
http://goo.gl/CKppN

 

[FreakofNature]

Here comes the short squeeeeeeze.