Eurozone finance ministers on Friday (20 July) are set to iron out the final details of bailout of up to €100bn for the Spanish banking sector, just as tens of thousands Spaniards took to the streets in protest against fresh spending cuts.
In a conference call set to start at 12.00 Brussels time, the 17 ministers are expected to sign off a memorandum of understanding with Spain, spelling out the conditions of the loan capped at €100 billion.
The final amount still to be determine...
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