Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Spain Could Be Beneficiary of Solidarity Fund, Merkel Says

Don't Miss Out —
Follow us on:

Dec. 14 (Bloomberg) -- German Chancellor Angela Merkel cited Spain as a potential beneficiary of a proposed European fund to channel cash to countries that pledge to spur competitiveness.

European governments that sign up to policy measures to curb debt while improving vocational training and boosting research and development spending would be eligible recipients under the proposal discussed by European Union leaders at a two-day meeting in Brussels that ended today.

“All this has to be clarified in detail and worked on over the next six months,” Merkel said. The chancellor told reporters earlier today she envisages a pool of “around 10 ($13 billion) or 15 or 20 billion euros,” or around 0.2 percent of the euro region’s gross domestic product.

The so-called solidarity fund could be fed by national contributions such as proceeds from a financial transaction tax or some of the European Union’s so-called structural funds, Merkel said.

To contact the reporter on this story: Rainer Buergin in Berlin at

To contact the editor responsible for this story: James Hertling at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.