From BusinessInsider: Spanish markets got clubbed today, as PM Mariano Rajoy was
announcing a new nationalization scheme for Bankia. But that was mostly expected. What freaked out investors was a new report
in El Mundo that suggested a new, much-more expensive fire needed to be put
out.
Citi Reports suggest Spain may need an extra €30bn for banks
- Spain may need another €30bn to clean up its banking system on top of the
€19bn required by Bankia according to El Mundo…..
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