Spanish Banks To Set Aside Another EUR35 Bln

The Spanish government is expected to require banks to set aside an addition EUR35 billion ($45 billion) to cover property loans.

  • 09 May 2012

The Spanish government is expected to require banks to set aside an addition EUR35 billion ($45 billion) to cover property loans. Observers said it is unlikely the lenders will be able to raise the funds without state aid.

Click here to read the story from Reuters.

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