Showing posts with label euro zone rescue loans. Show all posts
Showing posts with label euro zone rescue loans. Show all posts

Wednesday, June 27, 2012

Spain requests EU aid, market hopes dim

MADRID/BRUSSELS (Reuters) - Spain formally requested euro zone rescue loans on Monday to recapitalize banks that are laden with bad debts as the euro and shares fell due to investors' skepticism that a European Union summit this week will act decisively on the bloc's debt crisis.