Spain has time to rescue Bankia

Note: This section contains information in English only.
Source: The Wall Street Journal
Spain's policy makers say that they have time until October to raise the necessary funds needed to rescue Bankia. Currently the government's bailout fund makes up €12 billion; nevertheless, it requires to raise €7 billion more to rescue the ailing bank. It is planned to give Bankia €7 billion in July with remaining €12 billion provided in October.
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