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08:46 PM
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Subject
Spain's banks 'need 59.3bn euros of eurozone loans'
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[quote:RoXY:MV8yMDAyNzcwXzMzNjQ1MDU4X0Q4Q0I4NDVF] Well, me too! [/quote]
Original Message
Spain's banks will need an injection of 59.3bn euros ($76.3bn; £47.3bn) to survive a serious downturn, an independent audit has calculated.
The amount is broadly in line with market expectations of 60bn euros, and follows so-called stress tests of 14 Spanish lenders.
Much of the money is expected to come from the eurozone rescue funds, the current EFSF and the future ESM.
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link to www.bbc.co.uk
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