Spain banks might need EUR 62b

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Source: Bloomberg
According to the two firms hired by Spains government, Spain's banks might need up to EUR 62b to survive worst case scenario. Oliver Wyman Ltd. calculated that Spain's banking sector might need from 50 to 62 billion Euros. Roland Berger Strategy Consultants stated that 52 billion Euros might be needed. Consultants used 6.5% decrease in GDP in period of 3 years and 60% drop in house prices conditions for their stress tests.
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