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Eurozone finance ministers to discuss Spain on Friday

Tue, 17th Jul 2012 12:09

The Eurogroup has confirmed that Eurozone finance ministers will hold a conference call next Friday, July 20th, at noon and that the only item on the agenda will be the MOU (memorandum of understanding) for financial assistance to the Spanish banks.

The MOU will detail the terms for the €100bn bailout of the country's financial sector. Spain's Minister of Economy Luis de Guindos has stated that the interest rate will be 3%.

JM

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