Weekend Economists Chart the Bradbury Chronicles, June 8-10,2012

[Eugene]

81. Spanish bailout could reach 100 billion euros: sources

Source: Reuters

Spanish bailout could reach 100 billion euros: sources

By Jan Strupczewski and Luke Baker

BRUSSELS | Sat Jun 9, 2012 12:56pm EDT

(Reuters) - A bailout for Spain's teetering banks, once requested by Madrid, could amount to as much as 100 billion euros, two senior EU sources told Reuters on Saturday.

Spain has not yet made a formal request for European aid but it could come during a conference call of euro zone finance ministers, the sources, who were both on an earlier call to discuss the technicalities of a rescue, said.

"A decision on Spain will only be taken ... by the ministers (in a second call). Madrid has not officially asked for help yet," one of the officials said. "The statement will mention 100 billion euros as an upper limit."

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Read more: http://www.reuters.com/article/2012/06/09/us-eurozone-idUSBRE8530RL20120609