Bank of Spain: the country may need more funds

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Source: Reuters
Spanish banks are likely to need additional funds as economic state of the country has continued to deteriorate, announced Miguel Angel Fernandez Ordonez from bank of Spain. Spanish banks are facing next round of increase in bad loans as country enters the second wave of crisis in the last three years. Experts predict Spain to apply for a new bailout in the nearest future. 



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Tue, 10 Apr 2012 13:48:51 GMT

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