MADRID (Reuters) - Spain may use as much as 30 billion euros of its Fund for Orderly Bank Restructuring (FROB) to cover the financing needs of its banks, the Economy Minister Elena Salgado said on Thursday. The FROB, created to help the banking sector, can issue up to 99 billion euros to aid credit institutions.
Considering the state of Spain, no one should be surprised this has come to pass. Green Jobs save them!
0 comments:
Post a Comment