| Author (Person) | Johnson, Miles |
|---|---|
| Series Title | Financial Times |
| Series Details | 8.5.12 |
| Publication Date | 08/05/2012 |
| Content Type | News |
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Article reported that Spain was planning in May 2012 a state bail-out of Bankia, the country's third biggest bank by assets, in a move likely to involve the injection of billions of euros of public money into the troubled lender. In an abrupt reversal of policy, the Spanish government, which had previously insisted that no additional state money would be needed to clean up the country's banking sector, confirmed on the 7 May 2012 that an intervention was being prepared. On the 9 May 2012 Spain took a 45% stake in Bankia. |
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| Countries / Regions | Spain |
