Euro Relief? http://www.globalpost.com/taxonomy/term/22322/all en Spain, Italy to receive bailouts from euro zone rescue funds http://www.globalpost.com/dispatch/news/regions/europe/120620/spain-italy-receive-bailouts-eurozone-rescue-funds The plan, proposed by Italy, would permit the temporary European Financial Stability Facility (EFSF), which currently has a lending power of about €350 billion, and the new European Stability Mechanism (ESM), which has €500 billion to purchase individual countries' bonds, something which Merkel had previously opposed.<p><a href="http://www.globalpost.com/dispatch/news/regions/europe/120620/spain-italy-receive-bailouts-eurozone-rescue-funds" target="_blank">read more</a></p> Euro Relief? World Leaders Business Debt Crisis Europe Germany Politics Italy Spain United Kingdom Wed, 20 Jun 2012 17:36:00 +0000 Talia Ralph 5708663 at http://www.globalpost.com