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Fears over Spain linger despite banking plan

18.05.12

Madrid had initially come to terms with the idea of providing guarantees if banks' losses were to exceed provisions, the banker involved the talks said, adding that the euro zone's 700 billion euro ($900 billion) bailout fund - the European Financial Stability Facility - or else the International Monetary Fund could have provided Spain with a backstop guarantee for the plan.


Source: Reuters

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