Spanish bank stress tests move Madrid closer to bailout

  • 12 years ago
An independent audit of Spanish banks has found the country's troubled lenders would need 59.3 billion euros to stay solvent if there were a serious economic downturn in the country.

After hearing the result of the stress tests, the economy ministry said it would not ask for more than 40 billion euros of the 100 billion lifeline that has been offered by the European Union.

...
http://www.euronews.net/

Recommended