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Wednesday, November 28, 2012

EU Approves Spanish Banks' Restructuring Plans


Wall Street Journal

EU Approves Spanish Banks' Restructuring Plans
Wall Street Journal
BRUSSELS—European Union regulators Wednesday gave the green light to almost nearly €40 billion ($51.78 billion) in euro-zone funding for Spain's stricken bank sector, as it approved the restructuring plans for four lenders. BFA/Bankia, NCG Banco, ...
UPDATE 1-Spain's Bankia eyes profit by 2013, to cut 6000 jobsReuters
Eurozone crisis live: Spanish bank restructuring approved, as questions mount ...The Guardian
Debt crisis: EU insists investors share pain of €37bn Spain bank bailout - liveTelegraph.co.uk
Chicago Tribune -New York Times -Bloomberg
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READ THE ORIGINAL POST AT online.wsj.com