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ECB Rejects Madrid Plan to Boost Bankia

May 30, 2012

A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping the European Central Bank for cash, was bluntly rejected as unacceptable by the ECB, European officials said, the Financial Times reports.

Source: http://www.cnbc.com/id/47609366?__source=RSS*tag*&par=RSS
 
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