Showing posts with label European bailouts. Show all posts
Showing posts with label European bailouts. Show all posts

Tuesday, June 12, 2012

China urges more "decisive action" on euro crisis

BEIJING (Reuters) - China said the euro zone finance ministers' decision to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks was a welcome short-term fix, but urged the bloc to take more decisive action to safeguard longer term stability.