Rescue Fund has enough Money for Spain and Portugal

January 20th, 2011
in News, Banking

Yahoo News/Associated Press:  Europe's bailout fund has enough money to cover potential rescues of both Portugal and much larger Spain, while Greece doesn't need a debt restructuring as some investors fear, the head of the fund insisted Thursday.

Follow up:

"I don't want to predict now whether these countries will need money; that is not the case at the moment, they are in a position to refinance themselves on the market at the moment," Klaus Regling, the EU's chief bailout officer, told Germany's Deutschlandfunk radio.  Read more at Yahoo News....

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