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Euro Finance Ministers to Discuss Potential Spain Rescue

A eurozone official says finance ministers from the 17 countries that use the euro will hold a conference call Saturday to discuss preparations for a potential rescue of Spain’s troubled banking sector.

Maria Toutoudaki, Getty Images

A spokesman for Luxembourg Prime Minister Jean-Claude Juncker, who chairs meetings of eurozone finance ministers, said Spain had not yet requested help.

The Spanish government appears to have resigned itself to the fact that it can’t handle the job of propping its banks on its own.

Spokesman Guy Schuller said while Spain has not yet asked for help, “we want to prepare if the call comes.”

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

 

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