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Spanish banks need around €60bn, audit says

28.09.12 @ 21:10

  1. By EUOBSERVER

Spain's cash-strapped banks need "slightly less than €60bn" from the €100bn earmarked in a June eurozone bailout, an in-depth audit said on Friday. Eurogroup chief Jean-Claude Juncker said he was "comforted" by the news, as the bailout will be "more than adequate" and include a "safety margin."

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