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Bankia is one of the main troubled banks in Spain, with losses of €7bn (Photo: Carlos Blanco)

ECB probes potential blunder on Spanish loans

The European Central Bank (ECB) has launched an inquiry into claims that it gave out cheap loans to Spanish banks based on over-rated treasury bills, an ECB spokeswoman told news outlets on Sunday (4 November).

The German weekly Welt am Sonntag the same day ran a story citing its own research, which says that banks in Spain saved up to €16.6 billion on loans secured on over...

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Bankia is one of the main troubled banks in Spain, with losses of €7bn (Photo: Carlos Blanco)

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