Green Light for Bailout Euro Group Agrees to Lend Spain 30 Billion Euros

At their meeting in Brussels on Monday evening, the Euro Group of euro-zone finance ministers agreed to lend 30 billion euros to Spain to help its troubled banks. They could not, however, agree on who should succeed Jean-Claude Juncker as head of the group. He will now stay in his position until the end of the year.
Eurogroup president Jean-Claude Juncker speaks with Finnish Finance Minister Jutta Urpilainen ahead of the Euro Group meeting in Brussels on Monday.

Eurogroup president Jean-Claude Juncker speaks with Finnish Finance Minister Jutta Urpilainen ahead of the Euro Group meeting in Brussels on Monday.

Foto: GEORGES GOBET/ AFP