Markets surge amid Spain banks deal

Stock markets surged today after a lifeline worth up to €100bn for Spain’s banks helped ease eurozone tensions.

Markets surge amid Spain banks deal
Mon, 11 Jun, 2012 - 09:45

Stock markets surged today after a lifeline worth up to €100bn for Spain’s banks helped ease eurozone tensions.

The FTSE 100 Index jumped nearly 2% or 100 points, reflecting similar gains in Asia, after the European Union bailout secured vital breathing space for the beleaguered single currency.

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CourtsBusinessSpanish bailoutPlace: SpainPlace: AsiaPlace: LondonPerson: Richard HunterOrganisation: European UnionOrganisation: BarclaysOrganisation: AvivaOrganisation: International Airlines GroupOrganisation: British AirwaysOrganisation: SpainOrganisation: euro currency unionOrganisation: GreeceOrganisation: Hargreaves Lansdown
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