Spanish bank recap by euro zone bailout fund not this year: official

Published October 05, 2012

| Reuters

- It is difficult to say when exactly direct recapitalization of Spanish banks by the euro zone permanent bailout fund, the European Stability Mechanism (ESM), will be possible, but it will not be as soon as the start of next year, a senior euro zone official said on Friday.

(Reporting by Jan Strupczewski and Robin Emmott)

URL

http://www.foxbusiness.com/news/2012/10/05/spanish-bank-recap-by-euro-zone-bailout-fund-not-this-year-official/