EC 37bn Euro check for Spanish banks but 50% of branches must go and hair cut for bond holders

Wednesday, November 28th 2012 - 16:42 UTC

Full article 6 comments

The European Commission gave on Wednesday the go ahead for Spain to overhaul its stricken nationalized banks and opened the door for nearly 40 billion Euros in Euro zone aid to be disbursed, offering hope for an end to Spain's banking crisis. Read full article

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Condorito
...and in the picture a bond holder with a haircut.
Nov 28th, 2012 - 06:09 pm - Link - Report abuse 0
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Anbar
oh goody!

More debt bailed out by other countries already in debt to other countries.

That's sure to work out well!
Nov 28th, 2012 - 06:57 pm - Link - Report abuse 0
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briton
Does anyone know exactly how much bailout money has been given to
Ireland, Spain , Greece , Portugal,

A total would be interesting.
Anyone ??
.
Nov 28th, 2012 - 07:21 pm - Link - Report abuse 0
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British_Kirchnerist
Austerity isn't working...
Nov 29th, 2012 - 12:30 am - Link - Report abuse 0
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Lau-wai
@4....so whats your proposal?
Nov 29th, 2012 - 11:21 am - Link - Report abuse 0
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British_Kirchnerist
#5 Cristina has spelled out the alternative =)
Nov 30th, 2012 - 02:05 pm - Link - Report abuse 0
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