Spain intends to ask for financial help

June 9, 2012 21:30

MADRID - Spain intends to ask for financial help to shore up its banking sector, Econonomy Minister Luis de Guindos said on Saturday, adding that the country's bank rescue fund FROB will be the mechanism used to channel funds to lenders.

De Guindos told a news conference that it was not yet clear which European bailout structure would be used, whether the European Financial Stability Facility or the European Stability Mechanism.

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