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

Economy - Voice of America economy-and-business

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)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions