BRUSSELS: Spain decided on Thursday to follow Ireland's lead and exit its bank bailout without seeking a precautionary credit line in reserve, eurozone finance ministers said.
"We are fully supportive of Spain's decision not to request any successor ESM financial assistance following the programme exit in January 2014," said a statement following Brussels talks.
Spain agreed a 40-billion-euro rescue package for its banks with eurozone partners in July 2012, but faced the same difficulty as Ireland in deciding whether or not to request fallback assistance from the European Stability Mechanism, a rescue fund set up to provide a safety net for heavily-indebted governments.
"We are fully supportive of Spain's decision not to request any successor ESM financial assistance following the programme exit in January 2014," said a statement following Brussels talks.
Spain agreed a 40-billion-euro rescue package for its banks with eurozone partners in July 2012, but faced the same difficulty as Ireland in deciding whether or not to request fallback assistance from the European Stability Mechanism, a rescue fund set up to provide a safety net for heavily-indebted governments.






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