By editor
Originally published on Fri September 28, 2012 7:29 am
Transcript
STEVE INSKEEP, HOST:
European finance ministers have asked Spain if it might need a few bucks to tide it over - in particular, $125 billion to prop up failing banks. The Spanish government is expected to announce today how much of that sum it will need.
Shoring up banks is one step Spain is taking to prevent economic collapse. Another step is to slash more than $50 billion dollars in spending.
Lauren Frayer reports from Madrid on Spain's new budget, unveiled last night.
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