News In Brief

Ticker

Spain formally exits bank bailout program

23.01.14 @ 15:47

  1. By EUOBSERVER

As announced in November, Spain on Thursday formally exited the bank bailout program it entered in exchange for a €41.3 bn loan from European partners in July 2012. Meanwhile Spain's unemployment rate rose to 26.03% in the fourth quarter, the second highest unemployment rate in the EU after Greece.