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 reports. Click 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.