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ECB admits 'mistake' in loans to Spanish banks

08.11.12 @ 17:00

  1. By EUOBSERVER

The European Central Bank made a "mistake" in over-rating "only" €10bn - not €80bn as reported in German media - in collateral tabled by Spanish banks when they received loans, ECB chief Draghi said. He gave reassurances that the banks did not get more money than they should have had.