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spanish banking crisis News

Spanish bank bailout approved; cutbacks coming

Madrid - Spain’s economy may get a lot worse before it gets better if the five-year shrinkage of its four nationalized banks announced Wednesday is realized.

Spain expected to request EU bank aid Saturday

Madrid - Spain is expected to request EU bank aid on Saturday, making it the fourth country reliant on a European bail-out. A conference call has been scheduled for the morning to discuss a Spanish request for financial aid.

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