Brussels, 11/07/2012 (Agence Europe) - The European Union will be requiring Spain to overhaul its financial system, possibly at taxpayers' expense, and wants to authorise the European Commission to carry out inspections of Spanish banks, according to the draft 'memorandum' (conditions) on aid for Spanish banks.
The document sets out 32 preconditions for the aid for Spain's financial sector, due to be approved by 20 July (when Eurogroup will be finalising the details of the aid package, see...