Brussels, 03/09/2012 (Agence Europe) - On Monday 3 September 2012, the European Commission said that it fully agreed with the approach taken by the European authorities to raise funds from the Spanish FROB bailout fund to cover the immediate needs of nationalised Spanish bank BFA-Bankia, rather than making use of the aid promised to Spain by the eurozone.
On Friday, BFA-Bankia admitted losses of over four billion euros for the first half of 2012 and core funding of 6.3%. Eurogroup says this...