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Extra six months of GGs for Spanish banks

As markets tremble over debt burdens in Europe, Spanish banks have been granted a funding respite with an extension of the government guaranteed scheme until mid-2011. The extension takes the pressure off several savings banks that had hoped to issue under the scheme before its earlier closing date at the end of this year. Turn to EuroWeek on Friday for full analysis of how peripheral sovereign banks are faring in the volatile markets.

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