The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Wednesday, October 17, 2012

Spain mulls request for credit line from ESM.

 Spain is considering asking for a credit line from the ESM for its bailout so that the country would only take loans when needed, a government official tells reporters. With debt yields below danger territory, Spain is in no rush to ask for assistance; the hope is that just the existence of the line will be enough to send borrowing costs plummeting and the stock market surging.

No comments:

Post a Comment