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Spanish bank rescue plans moves forward

euronews (in English)

10 Views • May 09, 2012

Description

Spain is stepped up it efforts to save the country's troubled banks with a plan to make them recognise the huge losses from the bursting of the property bubble.

The government of Prime Minister Mariano Rajoy is expected to reveal full details on Friday, but financial sources said the lenders will be told to put aside another 35 billion euros to cover bad loans.

...
http://www.euronews.net/

Keywords & Tags

#rescue #euronews #Banking #economy #bank #Spanish #forward #moves #Spain #plans

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