Thursday, April 25, 2013

FOXBusiness.com: Spain Cancels Lottery Loan Plan

FOXBusiness.com
FOX Business Network - The Power to Prosper
Spain Cancels Lottery Loan Plan
Apr 26th 2013, 00:55

The Spanish government has decided to cancel for the second time since late last year a plan to raise 6 billion euros ($7.8 billion) through a loan backed by the country's lottery company Sociedad Estatal de Loterias y Apuestas del Estado SA to cover part of the financing needs of Spanish regional governments, reports Expansion in its Friday online edition, citing people involved in the process.

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