Brussels, 28/01/2010 (Agence Europe) - On Thursday 28 January, the European Commission approved a plan announced in June 2009 by Spain to recapitalise its banks that had fallen victim to the financial crisis. The Spanish scheme is based on the "Fondo de Reestructuración Ordenada Bancaria" (FROB) which has been provided with €9 billion with a debt facility of up to €90 billion to help the public authorities recapitalise undertakings experiencing difficulty.
The European Commission has...