Spain relieved, angry over humiliating bank rescue

By Alan Clendenning

Associated Press

Published: Sunday, June 10 2012 2:51 p.m. MDT

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Summary

Spain's grinding economic misery will get worse this year, despite the country's request for a European financial lifeline of up to €100 billion ($125 billion) to save its banks, Prime Minister Mariano Rajoy said Sunday.

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Arizona1

Tucson, AZ

Maybe I'm missing something, but this Associated Press article says the 100 million euro loan will represent 21000 euros debt per citizen, roughly the equivalent of an average salary. With 47 million citizens in Spain wouldn't the figure be More..

4:35 p.m. June 10, 2012
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