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Current Spain News Today Spain to inject $11.3 billion funding gap at Bankia MADRID (Reuters) - Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis. Losses at Spain's fourth largest bank are central to investors' fears that the country's fragile financial system, already vulnerable to rising ... Wed, 23 May 2012 11:18:10 -0700 Spain's banks in focus ahead of Bankia rescue plan MADRID (Reuters) - Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis. Economists say Spain has little hope of emerging from recession unless there is a wide-ranging bank recapitalization and many predict ... Wed, 23 May 2012 05:29:24 -0700 Spain bails out Bankia, seeks plan for troubled regions MADRID (Reuters) - Spain announced a 9-billion-euro ($11 billion) bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs that threaten to drag the country deeper into the eurozone crisis. The country's weak banks and overspending regions are at the heart of the European debt crisis due to concerns that expensive ... Wed, 23 May 2012 14:38:09 -0700 Spain to Recapitalize BFA-Bankia as Lender Needs $11 Billion Spain will recapitalize BFA-Bankia (BKIA) with as much public money as necessary, as the nationalized group needs at least 9 billion euros ($11 billion) to comply with banking rules, Economy Minister Luis de Guindos said. Wed, 23 May 2012 11:50:49 -0700 Spain calls for help to lower borrowing rates Worries about Greece's electoral turmoil and Spain's spiraling borrowing costs are piling the pressure on European Union leaders meeting in Brussels on Wednesday amid renewed market pressure to keep the region's debt problems from getting worse. Wed, 23 May 2012 09:08:32 -0700 |
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