Spanish banks need 62bn Euros; full bail-out of the country in the drawing board

Friday, June 22nd 2012 - 07:36 UTC

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Spain's medium-term borrowing costs spiralled to a Euro-era record on Thursday and independent auditors said Spanish banks may need up to 62 billion Euros in extra capital, to be filled mostly by a Euro zone bailout. Read full article

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Englander
Under instructions from the EU Facists, Italy will lend dosh to Spain at 3% interest but will be forced to borrow the self same dosh at 7%.
Hmmm..... Italy next in line for a bail out...and to think we pay these Euro MP's and other assorted Europrats
Jun 22nd, 2012 - 03:21 pm - Link - Report abuse 0
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