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Spain rescue ‘a victory for euro’
BBC – “It was the credibility of the euro that won,” he told reporters. On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help banks hit by bad property loans. The US and the International Monetary Fund (IMF) also welcomed the move. Read article
Related article: Barack Obama: Europe faces tough decisions
Tags: 2nd Great Depression, banks, debt wealth, Europe, New World Order, politics
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