A late-night deal…
FT Alphaville » EU Summit 2013-08-01
Summary:
From the FT’s Peter Spiegel and Joshua Chaffin in Brussels:
Eurozone leaders agreed to radically restructure Spain’s €100bn bank recapitalisation plan, allowing EU bailout funds to eventually be injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books.
Continue reading: A late-night deal…