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€18bn rescue fund 'sufficient' for Spanish regions insists Commission

30.08.12 @ 09:12

  1. By EUOBSERVER

An €18bn Spanish government fund to bail-out insolvent regions should be "sufficient" according to Economic Commissioner Olli Rehn's spokesman. Coming after the Catalan government requested a €5bn emergency loan, Simon O'Connor said that the Commission was "confident the Spanish authorities... will do everything it takes to comply with deficit targets."

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