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
21 Jun
OMXC20
  Jeg vil indlede dette Insight, som er kort, med at oplyse, at nederst i denne tekst har jeg indsat..
46
21 Jun
I:UKX
Hvis England stemmer for at forlade EU, hvad sker der så?   I første omgang vil pundet og aktiemarke..
38
24 Jun
I:SP500
Så lukkede S&P med et kraftigt dyk ned igennem 2.040 og ikke langt fra dagens laveste. 2.020 holdt s..
31
27 Jun
 
Hvis man er inde, er det med at bide taenderne sammen et stykke tid, selfoelgelig kan hoej beta akti..
27
25 Jun
 
Sad det meste af dage i går og fulgte Brexit på bl.a DR2, TV2 og SkyChannel. Ikke en eneste gang kom..
27
24 Jun
OMXC20
For dem, der har fulgt med i mine Insights, kommer det sikkert ikke som en stor overraskelse, at jeg..
26
23 Jun
C:SXAUUSDOZ\SP
Skønt at se at en lille appetitvækker som den nedenfor, kan skabe så meget mudderkast og gylp. Herli..
24
25 Jun
 
Det er ingen overraskelse. I medierne gør man alt for ikke tale om samfundets største og væsentligst..
19
25 Jun
 
Nedenfor i 375606 blandede jeg min mening om EU med synspunkter om folkeafstemninger, det beklager j..
18
22 Jun
I:DAX
Jeg smider lige en graf for at I kan se hvad der foregår, for I har vist stadig ikke rigtig fået pud..
18

Man Group PLC : Form 8.3 - Home Retail Group

27/06/2016 15:32:44
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Proposed election of non-executive director

27/06/2016 11:18:06
Proposed election of non-executive director Stagecoach Group plc (the "Company") is pleased to announce that at the Company's annual general meeti..

Form 8.5 (EPT/RI) - Poundland Group plc

27/06/2016 10:48:18
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Dentsply Sirona Announces Acquisition of MIS Implants
2
Sanofi and Boehringer Ingelheim have reached definitive agreements to swap Sanofi's Animal Health and Boehringer Ingelheim's Consumer Healthcare businesses
3
BW OFFSHORE: RIGHTS ISSUE RESOLVED AND ANNOUNCEMENT OF TERMS OF THE RIGHTS ISSUE
4
Marine Harvest (OSE:MHG, NYSE:MHG): 2016 Salmon Industry Handbook
5
A.P. Møller - Mærsk A/S – Qatar Al Shaheen Field – Unsuccessful in Tender Process

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.
 
27 June 2016 23:13:55
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160622.1 - EUROWEB2 - 2016-06-28 00:13:55 - 2016-06-27 23:13:55 - 1000 - Website: OKAY