The Spanish government obtained £100bn Euros from an agreement made on
Saturday by Eurozone ministers. Spains Prime Minister Mariano Rajoy called it "a
victory for euro".
The move was to help Spain's struggling banks.
Both the (IMF) International Monetary Fund and the USA welcomed the outcome.
The money will come from the European Financial Stability Facility and the
European Stability Mechanism. Business leaders also welcomed the rescue.
CEO Graham Hearsey of Professional Insurance Agents Ltd who want to expand
their Multiquote and Buy Insurance platform in Spain and have had recent talks
in Madrid said that this is great news.
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