The Spanish government plans to use the state-owned national lottery SELAE (Sociedad Estatal Loterías y Apuestas del Estado) to raise up to €6bn to finance its liquidity fund for the autonomous regions.
The Council of Ministers gave its approval Friday to a proposal under which SELAE would seek to raise up to €6bn with international banks, which will be paid into the Treasury to help finance the €18bn bailout fund created by Madrid to support the [...]
