Europe "Welcomes" The Spanish Bailout

Tyler Durden's picture

One just can't come up with better wording if one tried. From Bloomberg:

  • EUROGROUP WELCOMES SPANISH REQUEST FOR FINANCIAL ASSISTANCE
  • EUROGROUP SAYS CYPRIOT RESCUE IS `WARRANTED AT THIS STAGE'
  • EUROGROUP SAYS SPAIN BANK NEEDS ESTIMATE AT EU51B TO EU62B
  • EUROGROUP SEEKS `AMBITIOUS MEASURES' FROM CYPRUS ON BANKS

And a little change in the original plans:

  • EUROGROUP SAYS SPAIN TO REQUEST TECHNICAL ASSISTANCE FROM IMF

Now Europe is looking to welcome other broke countries for which Germany will pay.