Tuesday

31st May 2016

Ticker

ECB admits 'mistake' in loans to Spanish banks

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.

News in Brief

  1. Hungary reinforces fence on Serbian border
  2. Juncker to seek renewed backing for TTIP talks
  3. EP president rules out return to German politics
  4. Austrian far-right wants to probe election fraud accusations
  5. Irish PM warns Brexit could bring back border controls
  6. Truckmakers risk record cartel fine
  7. London mayor teams up with British PM on Brexit
  8. Syrian refugees sue Denmark over immigration law

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