Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Spanish banks forced to raise extra 30bn euros capital
Source: BBC
The Spanish government is to force its banks to take on an extra 30bn euros ($39bn; £24bn) of capital to cushion themselves against loans going bad.
The banks will have to raise the money or borrow from the government at an annual interest rate of about 10%.
The government said it was determined to take the necessary measures to restore credibility and trust to the financial system.
Earlier in the week, the Spanish government took a 45% stake in Bankia.
Read more: http://www.bbc.co.uk/news/business-18031324
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
