Statement by the President of the Eurogroup Jean-Claude Juncker on Spain, Brussels, 28 September 2012

On 20 July 2012 the Eurogroup decided to grant financial assistance to Spain in the form of a banking recapitalisation programme. It was agreed that it would cover financing needs of up to EUR 100 billion, while the specific amount would be determined based inter alia on a thorough bottom-up assessment of capital shortfalls for individual banks.
The results of the bank-by-bank stress test conducted by an external consultant with regard to 14 banking groups comprising more than 90% of the Spanish banking system were published today (28.9.2012).