- Rescue is intended to create healthy banks
- Bank restructuring must meet EU aid rules
- Full statement from Rehn and the full text of the bailout agreement
There is no mystery left in the Spanish bailout as finance ministers sign off on it today.
Fresh session highs in Spanish yields, up 15 basis points to 7.17%. Only 11 basis points from the 7.28% record high. I hope Rehn has some other ideas.
