by Calculated Risk on 6/09/2012 02:09:00 PM

From the Financial Times: Spain to ask EU for bail out

The Spanish government agreed to seek EU bailout aid for its struggling financial sector on a conference call of eurozone finance ministers Saturday evening.

In exchange, the ministers agreed not to attach any new conditions on Madrid other than its current commitments ...
Excerpt with permission

It sounds like the maximum will be €100 billion. Apparently policymakers wanted to get something in place before the Greek election on June 17th.

Earlier:
• Summary for Week Ending June 8th
• Schedule for Week of June 10th