Spain to Get Four Bank-Aid Tranches by Mid-2013, Official Says
A draft timetable foresees a second tranche in November that brings Spain up to 60 percent of the total, the official said under condition of anonymity. A third tranche will come by the end of December and the final one by June 2013 or possibly earlier, the official added.
The proposed schedule was reported by Dow Jones earlier. Euro-area finance ministers plan to put the finishing touches on Spain’s package on July 20.
To contact the reporter on this story: James G. Neuger in Brussels at email@example.com
To contact the editor responsible for this story: James Hertling at firstname.lastname@example.org