Spain requests €39.5bn bank bail-out, but no state rescue

Spain's economy ministry said it had requested the disbursement of €39.5bn (£32bn) of European funds for its banking sector, as agreed under a June rescue deal.

EU's Rehn against debt funded growth, backs Spain plan

TALLINN (Reuters) - The European Union's top economic official on Saturday warned against funding national growth packages with new debt and urged governments to stick with structural reforms and cuts to fiscal deficits as the route out of the region's economic crisis.