Spanish Banks Expect Government to Ask EU for EUR60 Billion -Report
11 June 2012 - 11:02AM
Dow Jones News
The Spanish banking sector is estimating that the government
will ask for a European Union financing package of some EUR60
billion once the audits on the banks carried out by Oliver Wyman
and Roland Berger are completed later this month, reports Cinco
Dias in its Monday Internet edition.
Some investment banks peg that figure at EUR80 billion, but
Spanish banks deem that to be excessive, the paper adds. The EU
will lend Spain as much as EUR100 billion.
According to calculations by experts, only Banco Santander SA
(STD) and Banco Bilbao Vizcaya Argentaria SA (BBVA) won't need to
request EU funds, the paper adds.
Newspaper Web site: www.cincodias.com
Write to Enza Tedesco at enza.tedesco@dowjones.com
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