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International Reserves registered their highest level since the start of dollarization
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Loan to Spanish Banks may be Suspended by the Eurogroup

Posted On 11 Jun 2012
Eurogroup may Suspend Loan to Spanish Banks

Eurogroup may Suspend Loan to Spanish Banks

Spanish banks could lose the loan that the Eurozone has provided them, if they were to fail on their commitments to the excessive deficit procedure.

Community sources recalled that this loan does not mean “no additional conditionality” macro. They also underlined that monitor compliance with the Stability and Growth Pact and the package of economic governance.

The conditions for the loan will be reviewed regularly by the countries providing the aid. The European Commission, along the European Central Bank (ECB) and International Monetary Fund (IMF) assess compliance with the conditions limited the financial sector. If the conditions are not fulfille, they can suspend it.

(BG)

 

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International Reserves registered their highest level since the start of dollarization

Posted On 25 Jan 2023

Government denounces 28 candidates for links to drug trafficking

Posted On 25 Jan 2023

Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control

Posted On 24 Jan 2023
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