05/06/2012 18:12:00

German Newspaper Says EFSF Provisional Credit Line For Spain `One Option`

BERLIN--The euro zone's bailout fund is considering drafting a provisional credit line for Spain that Madrid could tap if it needed to do so to recapitalize its banks, the German newspaper Die Welt reported on Tuesday.

The newspaper said that under the plan -- one option being considered -- Spain could later draw the full loan or only a portion of the amount. Die Welt says the credit line is a compromise between Madrid's refusal to tap the European Financial Stability Facility and Berlin's strong encouragement for Spain to do so.

Spain is preparing an audit of its banks that will not be completed until later this month. A provisional credit line drawn up now would provide an emergency source of cash in the event of market turbulence before completion of the audit, the report, due to be published on Wednesday, said.

Write to Berlin Bureau at djnews.berlin@dowjones.com

(END) Dow Jones Newswires

June 05, 2012 13:12 ET (17:12 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
03 Jul
OMXC20
  Der har på det seneste været noget debat om DCF-analyser og andre måder at forsøge at finde en fai..
35
01 Jul
OMXC20
Der har været en del kritik og undren over mine indlæg - især om Jobindex. Her er forklaringen på, h..
20
02 Jul
CBRAIN
Til alle de, der er blevet støt over at jeg ændrede syn på cBrain for et lille års tid siden er her ..
16
04 Jul
JOBNDX
Endnu et langt indlæg og endnu en ny tråd. Men alligevel ingen svar på det væsentlige. Skal vi så ge..
14
01 Jul
OMXC20
Nej, børns loyalitet over for deres forældre svigter aldrig. Men hvis du har tjent lidt penge, så an..
13
30 Jun
EXQ
Exiqon har idag lanceret deres Cloud Platform XploreRNA som kan ses via følgende link:   https://xpl..
13
06 Jul
I:DAX
Hvor bliver dine dommedagskommentarer af??   Måske du snart lærer at holde lidt igen med dine 50-80%..
12
03 Jul
 
Dette er ikke en hype af nedenstående selskaber, men en tak til en mand, der for mig at se har en go..
12
04 Jul
I:DAX
Desværre slipper vi ikke for at Grækenland kommer til at dominere den internationale politiske dagso..
11
30 Jun
SAS-DKK
Ryanair bedriver landsskadelig virksomhed i Danmark. De bør smides ud.                       Desværr..
11

Novae Group plc: Director/PDMR Shareholding

06/07/2015 15:54:23
NEWS RELEASE 6 July 2015                                                                                            For immediate release Novae Group pl..

Form 8.3 - BG Group

06/07/2015 12:41:17
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 38.5 (EPT/RI) - Aer Lingus Group plc

06/07/2015 09:21:24
Ap24 FORM 38.5(a) IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 38.5(a) OF THE IRISH TAKEOVER PANEL ACT, ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Traffic Data June 2015
2
Tesoro Logistics LP to Release Second Quarter Earnings
3
Market Shares - Cash Market Week 27 2015
4
Eastman Schedules Second-Quarter 2015 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast
5
ETC Announces the Return of James D. Cashel as Vice President, General Counsel, and Chief Compliance Officer

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
07 July 2015 07:45:53
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150706.1 - EUROWEB3 - 2015-07-07 08:45:53 - 2015-07-07 07:45:53 - 1000 - Website: OKAY