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Rescue of Spain's banks with a $125 billion committment from the European Financial Stability Facility (EFSF)
02/25/2010
EU finance ministers persuaded Spain to borrow from the EFSF and place the money in a special fund intended to recapitalize its banks. The IMF will provide some oversight over the banks but no conditions or oversight will be imposed on Spain only on its banking system as a compromise. Problems in the banking system arise from a housing bubble in Spain and failing cajas savings banks. Spain has already committed to adhering to fiscal deficit targets on a longer term basis with the EU. This makes it a rescue of the banks more than a bailout of the kind deisgned for Greece, Ireland and Portugal.
Grouped Articles
Wall Street Journal 08.08.2011
A Warning Light to Alert the I.M.F.
New York Times 09.21.2011
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02.25.2010
Economist 05.29.2010
Spain's Bankia Returns to Profit
Wall Street Journal 02.04.2014
Spain requests bailout help - The Washington Post
Washington Post 06.10.2012
EU: Spain Banks Will Be Monitored
Wall Street Journal 06.11.2012
Spain's Handling of Bankia Repeats a Pattern of Denial
Wall Street Journal 06.11.2012
Spain's €100 Billion Gamble
Wall Street Journal 06.10.2012
Spain's Bailout: More Questions Than Answers
Wall Street Journal 06.11.2012
Bailout in Spain Leaves Taxpayers Liable for the Cost
New York Times 06.12.2012
Wall Street Journal 06.19.2012
Spanish Woes Cast Rescue in New Light
Wall Street Journal 06.20.2012
Spain Tallies the High Cost of Riding Out Bank Crisis
New York Times 06.21.2012
The European Central Bank Needs More Power
New York Times 06.20.2012
For Spain, Accusations of Lagging on Reforms
New York Times 06.20.2012
Spanish Aid Plan Is Flawed, Says IMF
Wall Street Journal 06.22.2012
Spanish Officials Hailed Banks as the Crisis Built
New York Times 06.26.2012
Spainâs Banking Crisis Moves Into the Courtroom
New York Times 07.04.2012
Euro Zone Eases Budget Demand on Spain
Wall Street Journal 07.10.2012
European Finance Ministers Agree to Speed Up Bailout of Spanish Banks
New York Times 07.09.2012
Wall Street Journal 07.11.2012
Senior Bank Creditors Safe, for Now
Wall Street Journal 07.13.2012
Euro-Zone Banks Cut Back Lending
Wall Street Journal 07.14.2012
Spanish Official: Slow Reaction to Crisis
Wall Street Journal 07.18.2012
Germany Makes Last Pitch Before Vote
Wall Street Journal 07.18.2012
Spain Economy Shows More Strains
Wall Street Journal 07.19.2012
German Parliament Backs Spanish Bank Plan
New York Times 07.19.2012
Wall Street Journal 07.22.2012
Rating Changes Ripple Through Bailout Funds
Wall Street Journal 07.24.2012
Spanish Bank's Ex-Leader Defends His Record There
New York Times 07.26.2012
ECB's Draghi Must Avoid Moving Target for Spanish Aid
Wall Street Journal 07.30.2012
Auditors Prepare for Spain's 'Bad Bank' Plan
Wall Street Journal 08.02.2012
Clash of Cultures Upends Spain's Cajas
New York Times 08.20.2012
State of Europe's Banks: Safe and Stressed
Wall Street Journal 09.25.2012
Spain Needs $76 Billion to Recapitalize Its Banks, Audit Finds
New York Times 09.28.2012
Spanish Banks Beat Expectations
Wall Street Journal 09.29.2012
Berlin vs. Rome: A Tale of Two Visions
Wall Street Journal 09.30.2012
Spain Says Downgrade Won't Affect Plans
Wall Street Journal 10.12.2012
Some in Spain Blame Germany for Bailoutâs Delay
New York Times 10.15.2012
Wall Street Journal 10.18.2012
Wall Street Journal 10.17.2012
Spanish Banks Agree to Layoffs and Other Cuts to Receive Rescue Funds in Return
New York Times 11.28.2012
Wall Street Journal 11.29.2012
Berkshire Moves Into Spain WIth Caixa Bank Reinsurance Deal
New York Times 11.30.2012
Wall Street Journal 12.03.2012
EU Reaches Deal on Bank Supervisor
Wall Street Journal 12.13.2012
Europe Finally Takes a Singular Approach to Banking Crisis
Wall Street Journal 12.13.2012
Wall Street Journal 03.11.2011
Spain Brings the Pain to Bank Investors
Wall Street Journal 03.24.2013
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