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DJ Spain May Be Able to Use EU Funds to Buy Public Debt -Report
Jul 18, 2012 (Dow Jones Commodities News Select via Comtex) --
Spain may be able to use European Union bailout funds to buy public debt and thus alleviate the pressure on its borrowing cost and lower the risk premium, reports El Pais in its Thursday Internet edition, citing EU documents.
The EU has offered to lend up to EUR100 billion ($123 billion) and while most of what Spain will eventually request will go to its banks' restructuring, the remaining could be used to buy government bonds or as collateral for future issues.
Newspaper website: www.elpais.com
Write to Enza Tedesco at enza.tedesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
07-18-12 1915ET
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