Euro nations seal USD 122 bln bailout deal for Spanish banks

Finance Ministers of the 17-nation euro group finalised the details of a financial support for Spanish banks in a video conference on Friday, a day after the German parliament endorsed the rescue plan with a large majority.

They shared the view that "providing a loan to Spain for the purpose of recapitalisation of financial institutions is warranted to safeguard the stability of the euro area as a whole," Luxembourg