Treasury's Geithner on Spain's Action on Banking System
09 June 2012
U.S. Treasury Department
Press Center
Washington, D.C.
Statement by Secretary Tim Geithner on Spain
We welcome Spain's action to recapitalize its banking system and the commitment by its European partners to provide support. These are important for the health of Spain's economy and as concrete steps on the path to financial union, which is vital to the resilience of the euro area.