BREAKING NEWS

EU sources: Spain has yet to ask for banking sector help

By REUTERS

JUNE 9, 2012 17:10

BRUSSELS - Spain has not yet asked for financial help for its banking sector but a decision on the issue could come during a conference call of euro zone finance ministers on Saturday, European Union sources said.

Several EU sources told Reuters on Friday that Madrid was expected to ask the currency bloc for help with recapitalizing its banks this weekend, becoming the fourth country to seek assistance since Europe's debt crisis began.

Euro zone finance ministers were set to discuss the issue during a call, expected to start at 1400 GMT.

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