Spain sees $125 billion as enough for banks
Arend van Dam
04 September 2012 06:15:00 |
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Spain's ailing banks won't likely need to tap all the €100 billion ($125.7 billion) that's been made available by the country's euro partners, Economy Minister Luis de Guindos said Monday. Spain's banks have an estimated €184 billion in problematic real estate loans and investments following the collapse of the country's property market in 2008. The other 16 eurozone countries have set aside the rescue package to help troubled Spanish lenders.

