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
12 Sep
 
Man har forbarmet sig over mig - set at jeg kan opføre mig, som man bør   når uberettiget trend- ell..
63
15 Sep
VWS
  Her er lidt at tænke over for en enhver Vestas aktionær!   Den 6. nov. 2012 var der valgdag i USA ..
39
11 Sep
FING-B
EN SORT SORT DAG !!!!!   Dette er nok det værste jeg nogensinde har oplevet som aktieejer.   Først, ..
36
14 Sep
DLH
Den 105 år gamle historie om den tidligere storhandler af tropisk træ, Dalhoff, Larsen og Horneman, ..
23
17 Sep
 
Jeg har lagt mærke til, at det er de samme personer, der igen og igen er negative til stort set alt...
18
12 Sep
 
Uha, nu trænger alpehue igen igen til opmærksomhed. Magen til barnagtig midaldrende selvudnævnt såka..
18
11 Sep
BIOPOR
  I fredags skete der noget interessant i US.  Astute Medicial fik godkendt deres NephroCheck (NC)af..
17
15 Sep
FING-B
Så stop dog for pokker med alt det sædvanlige fnidder fnadder og forstå at dette debatforum stensikk..
14
14 Sep
DLH
Udemærket opdatering på casen, Stockwatch. Et par kommentarer dog;   De laver et negativt EBIT på c..
13
11 Sep
FING-B
mine tanker og største respekt går til xo33, som det lykkedes plattenslager-debatørerne at få fjerne..
13

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Medtronic Launches New Balloon Kyphoplasty Products for Treating Spinal Fractures
2
Shore Capital Group Limited : Interim results for the six months ended 30 June 2014
3
Hi-Crush Partners LP Announces Long-Term Contract with Keane Group
4
Mariana Resources Ltd : Secures Funding to Fund Growth
5
Pernod Ricard - BNP Paribas Primary New Issues : Stabilisation Notice
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   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.
 
18 September 2014 02:36:49
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140915.2 - EUROWEB5 - 2014-09-18 03:36:49 - 2014-09-18 02:36:49 - 1000 - Website: OKAY