Monday, 25. June 2012
Topic: EU - on June 25, 2012 at 1:01:00 PM CEST
Eurozone crisis live: Spain formally requests banking aid
11.28am: Vincent Forest, economist at the Economist Intelligence Unit, has sent his thoughts on the Spanish request for banking aid:
Although no document has been signed yet, it is now official that Spain will request aid from the euro zone institutions to shore up its banking sectors. Many details are already known, such as the necessity for the funds to be channelled through the Fund for Orderly Bank Restructuring, also known as FROB.</p>
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