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Image header Agence Europe
Europe Daily Bulletin No. 10546
ECONOMY - FINANCE - BUSINESS / (ae) spain

Bank reform to focus on market mechanisms

Brussels, 03/02/2012 (Agence Europe) - The European Commission approves of the latest plans to reform banking in Spain, but warns that state aid should be avoided as far as possible when it comes to shoring up bank finances. The changes to the Spanish banking system to get banks to serve the real economy rather than speculation, will be crucial for the Spanish economy, said a spokesperson for EU Commissioner for the Euro Olli Rehn on Friday 3 February. Strengthening the banks most weakened...

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