REPORT: Eurozone Leaders Are Discussing A $125 Billion Bailout For Spain

spain strike march 29 2012A demonstrator spraypaints the main door of the stock exchange during a general strike in Barcelona, Thursday, March 29, 2012.

Photo: AP/Manu Fernandez

Eurozone leaders are in discussions this afternoon to provide as much as $125 billion to bailout Spain, the Wall Street Journal’s Gabriele Steinhauser reportsClick here for updates >

The Journal, which cites unnamed sources, says the $125 billion figure, or €100 billion, is just a headline figure meant to reassure markets. 

A time frame for the disbursements and exact size are still under discussion. 

Seventeen euro-area financial leaders are on the call, pushing Spain to seek a bailout for its banking sector. 

SEE ALSO: The Hilarious Dance That’s Happening In Spain Now >

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