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Tuesday, August 14, 2012

Spain Looking For Another Bailout

It seems that Spain (unsurprisingly) is looking for another bailout.

According to Spanish Economy Ministry sources quoted by La Vanguardia, Spain could make a formal request for the early disbursement of €30BN from its bank rescue package this Thursday or Friday.

The money, apparently, will be used to help Bankia and other nationalised savings banks.

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