Europe - Voice of America: Spanish Bank Bailout Heightens Pressure on Madrid

Europe - Voice of America europe

Spanish Bank Bailout Heightens Pressure on Madrid May 28th 2012, 16:16 Economic pressures are growing on Spain after the government took over the country's third largest bank with a $24-billion bailout to account for its toxic real estate loans. Prime Minister Mariano Rajoy said Monday that the debt-ridden government's takeover of Bankia would not force the Spanish government to seek a bailout from its European neighbors. With more than $40 billion in bad loans, Bankia was one of the hardest hit Spanish financial institutions during the country's ... Media files: 98CD6609-BFDC-4048-B410-B783C060D778_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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