Financial Assistance Programme for Spain

The Financial Assistance Programme for the Recapitalisation of Financial Institutions in Spain, usually referred to as the bank bailout programme, was a memorandum of understanding on financial assistance to the banking institutions of Spain in order to cope with the 2008–2014 Spanish financial crisis. The bank bailout was officially requested by the Spanish government under Prime Minister Mariano Rajoy on 25 June 2012, with the memorandum being approved by the Eurogroup on 20 July.

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