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Europe Live Friday 24th May 2013

The Bundestag and the Eduskunta approve aid to the Spanish Banks

23rd July 2012

German MPs in the Bundestag, who were consulted for the tenth time in two years about saving the euro, approved aid to Spain on 19th July 2012, 473 votes in support, 97 against and 13 abstentions. Germany is due to guarantee nearly 30% of this aid in all. For its part the Finnish Parliament also approved the plan to save the Spanish banks on 20th July, 109 votes in support, 73 against. The agreement on the guarantees that was debated in depth in Finland and finally negotiated with Madrid on 17th July, has now been approved and covers 40% of the Finnish participation.

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