EU, IMF, US mull 250 bln euro credit line for Spain-report

MADRID, June 16 (BestGrowthStock) – The European Union, the IMF and
the U.S. Treasury are drawing up a liquidity plan for Spain
which includes a credit line of up to 250 billion euros ($335
billion), newspaper El Economista reported on Wednesday, citing
sources which it said were “close to the issuing entity”.

The report said the decision had been discussed at a
special IMF board directors meeting and was aimed at avoiding a
rescue plan similar to that offered to debt-laden Greece.

A Spanish government spokesman said on Tuesday that talks
between the Spanish Prime Minister and International Monetary
Fund chief Dominique Strauss-Kahn set for Friday are
unconnected with media reports that Madrid may seek a
Greek-style bailout. [ID:nLDE65E2FH]

Stock Today
(Reporting by Elizabeth O’Leary; Editing by Kim Coghill)
[email protected]; +34 91 585 8295; Reuters
Messaging: [email protected]
($1=.7453 Euro)

EU, IMF, US mull 250 bln euro credit line for Spain-report