Market Overview

Treasury Secretary Geithner Welcomes Eurozone, Spain Action on Banks

Related EWP
A Promising PIIGS ETF
What To Expect From Oil In 2016
David Kotok And Bill Miller Pound The Table For U.S. Stocks: Evaluating Their Arguments (Seeking Alpha)
Related VGK
What To Expect From Oil In 2016
Euro-Hedged ETFs Are Packing On Assets Again
Where Are The Leaders When We Need Them? (Seeking Alpha)

US Treasury Secretary Timothy Geithner commented on Saturday's action by the Eurozone and Spain: "We welcome Spain's action to recapitalize its banking system and the commitment by its European partners to provide support. These are important for the health of Spain's economy and as concrete steps on the path to financial union, which is vital to the resilience of the euro area."

Spain's Economy Minister Luis de Guindos said Spain would make a formal request for assistance. That request will reportedly come before the June 21 Eurogroup meeting.

Posted-In: News Sector ETFs Movers & Shakers Global Economics ETFs General


Related Articles (EWP + SPY)

View Comments and Join the Discussion!

Get Benzinga's Newsletters