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Jose Manuel Gonzalez-Paramo, Executive Board member at the ECB, on his last day at the bank announced that there is a possibility for Spain to recapitalize its banks by utilizing funds from the Fund for Orderly Bank Restructuring. He correspondingly added that during the upcoming month further data regarding the assessment of the banking-sector requirements will be developed. Gonzalez-Paramo also highlighted that whilst seeing eye-to-eye with Mariano Rajoy, Spain's Prime Minister, in terms of the necessity to recapitalize its banks, he disapproves with employing the ECB's purchase of bonds in order to decrease the country's borrowing expenses.