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
08 Feb
OMXC20
      På en dag som i dag med kursfald på +5% er det ekstra vigtigt at tænke og handle rationelt. He..
53
12 Feb
OMXC20
  Jeg har over de seneste 12-18 måneder skrevet en række insights om, hvordan man bliver en bedre in..
39
13 Feb
OMXC20
  Her kommer sidste bidrag i den række af Insight jeg har postet for at hjælpe unge og ambitiøse inv..
22
10 Feb
FING-B
lhome .... (16.08) .....   Du skal være klar over at du har gang i at overveje een af de mest volati..
22
09 Feb
OMXC20CAP
Det er egentlig ganske morsomt. Men et menneskeligt træk, især blandt handyr af racen, er ofte, at m..
19
11 Feb
ABIRUS
Den største trussel mod europa er europas egne elendige politikere. De mangler mod, visioner og miss..
18
13 Feb
EXQ
Dette er en kommentar til indlægget hos Mesell den 9 februar.   Du siger at Exiqon´s regnskab kun gi..
17
09 Feb
OMXC20
skal man  ikke sælge - men vælge det rigtige tidspunkt at købe - om det er i dag, er svært at foruds..
15
07 Feb
ZEAL
Jeg har set lidt på de patent sagerne som køre mellem AstraZeneca, Sanofi og TEVA omkring GLP-1'er. ..
15
13 Feb
SUNE
Onsdag kl 14:00 lokal tid starter Chancellor Bouchard  sagen CA#11898-CB, som drejer sig Terraform P..
14

Form 8.3 - Royal Dutch Shell Plc

12/02/2016 15:29:16
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - Royal Dutch Shell PLC

12/02/2016 12:46:09
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - Sainsbury (J) plc

12/02/2016 09:43:37
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Scientific journal's publication of white paper on the use of NGAL marks important milestone for BioPorto

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   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.
 
14 February 2016 08:02:28
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160212.1 - EUROWEB7 - 2016-02-14 09:02:28 - 2016-02-14 08:02:28 - 1000 - Website: OKAY