Spain makes formal request for EU bank aid
December 4, 2012 12:28 AM EST
Spain on Monday requested formally the disbursement of 39.5 billion euros ($51.4 billion) of European funds to recapitalize its crippled banking sector, the Economy Ministry said in a statement.
The money - 37 billion euros for the four nationalized banks Bankia
Euro zone finance ministers are expected to approve the disbursement later on Monday when they meet in Brussels for their monthly meeting.
(Reporting By Jesús Aguado; Editing by Julien Toyer)