Eurozone ministers agree to bail out Spain

 BRUSSELS, July 10 (Xinhua) -- Eurozone finance ministers agreed to bail¹ out Spain by giving a first payment of 30 billion euros (37 billion U.S. dollars) to its reeling banks by the end of July, Eurogroup President Jean-Claude Juncker said here early Tuesday.

Juncker said that after nine hours of talks, the ministers from the 17 nations using the euro reached a draft memorandum² of understanding on Spain and were "aiming at reaching a formal agreement in the second half of July."Under the agreement, the reimbursement³ deadlines were set "up to 15 years," Juncker said.

The ministers also agreed to give Spain one extra year - until 2014 - to cut its public deficit⁴ to the European Union limit of 3 percent of its gross domestic product, Juncker said.

Spanish government bond surged recently, showing strong worries about the country's debt outlook.

1 bail   

v.舀（水），保释；n.保证金，保释，保释人

参考例句：

• One of the prisoner's friends offered to bail him out.犯人的一个朋友答应保释他出来。
• She has been granted conditional bail.她被准予有条件保释。

2 memorandum   

n.备忘录，便笺

参考例句：

• The memorandum was dated 23 August,2008.备忘录上注明的日期是2008年8月23日。
• The Secretary notes down the date of the meeting in her memorandum book.秘书把会议日期都写在记事本上。

3 reimbursement   

n.偿还，退还

参考例句：

• He received reimbursement for his travel expenses.由于出差的花费他可以得到公司的补偿。
• Which forms do I need to complete for my travel reimbursement?我需要填什么表来报我的旅费？

4 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。