Eurozone finance ministers agreed Monday (3 December) that €39.5 billion will be paid to prop up Spain's banks.
Speaking with reporters after the meeting, Jean Claude Juncker, who chairs the 17 member Eurogroup, stated that Spain had taken steps to fulfil its terms of the bailout.
"The implementation of the program is well on track, meeting all required conditionality steps as enshrined in the memorandum of understanding," he said.
"We have also welcomed the decision by the...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.