Spain’s Aid From EU Can Be Short of Bailout: Katainen
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Finnish Prime Minister Jyrki Katainen said any financial assistance for Spain would stop short of a full bailout, as French President Francois Hollande backed the country’s demand for clarity over European aid.
European Union leaders must show solidarity should Spain request funds, though assistance could take the form of a “precautionary” program, Katainen said today at a conference in Bucharest. Hollande underscored a divide with Germany as government chiefs prepared to gather for a summit in Brussels tomorrow, saying that measures taken by Spain in return for any help should be laid out in detail.