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Spanish banks out of danger, EU says

06.03.13 @ 09:06

  1. By EUOBSERVER

The European Commission has said Spanish banks do not need extra funds after receiving €41.4bn in assistance. The EU last year made up to €100bn available Spanish lenders. €18 billion has been lent to the state-owned Bankia group. A new 'bad bank' called Sareb also got a large capital injection.

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