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EA) Hello, and welcome to Naked News, the program with nothing to hide Iim EA. Letis get right to the news, with word of a MASSIVE bailout in the Eurozone thatis giving the Spanish government some breathing room. Natasha Olenski has been following this story, what can you tell us Nat? NO) Eila, Spanish Prime Minister Mariano Rajoy (mah-ree-AH-noh rah-HOY) is ecstatic over a HUGE bailout that_s aimed at rescuing their banks.EA) What kind of money are we talking about here? NO) It was a HUNDRED billion Euros which converts to about 125 billion dollars. EA) Wow, and here he was saying just a couple of weeks ago that Spain didn_t need a bailout. That_s MASSIVENO) And unlike Greece_ there aren_t many strings attached to the money. So YEAH, he_s a very happy man EIla. Welcome to the newsroom everone. Finance ministers in the Eurozone have agreed to lend Spain up to 125-BILLION dollars to bail out their failing banks. The country has been struggling under the weight of bad property loans and 2 recessions in the past 3 years. But theyire not out of trouble just yet. Despite the bailout n which will help small businesses and the self-employed n Rajoy says this will still be a rough year, with the Spanish economy shrinking by 1-point-7 percent. Add this to the current unemployment rate of over TWENTY percent and you see why Spain_s got a long way to go. A massive wildfire in Northern Colorado has forced thousands from their homes. The blaze was initially measured at just 2 acres early in the weekend, but has since expanded to an estimated TWENTY thousand acres. The wildfire has firefighters scrambling, trying to get local residents out of danger. So far, no fatalities have been reported. At least 18 buildings have been destroyed or damaged.Things could get scandalous within the Obama administration, after the US Secretary of Commerce was cited for 2 alleged hit-and-runs in California. Authorities claim John Brysonis Lexus was responsible for hitting a Buick twice in San Gabriel. He is also accused of hitting a second car in the nearby city of Rosemead. Authorities allegedly later found Bryson unconscious behind the wheel of his car. He was taken to a local hospital, but was released soon afterward. Initial tests came out negative for alcohol, but further tests are forthcoming. His office is saying that he had a seizure but that_s all we know right now Eila. EA) Do we know if we was on government business at the time Nat? NO) No he wasn_t. And because of it, he didn_t have a security detail either. EA) Bet the Republicans are frothing at the mouth with this one. Anyway thanks Nat, stick around though because we_ll be back with you shortly.EA) Rachel and Whitney are ALSO on the way and they join us now with a preview of what stories they_ve been working on.
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Duration : 00:04:49
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