Madrid moves to ease bailout fears / ECB to relax loan rules for Spanish banks

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Series Details 22.6.12
Publication Date 22/06/2012
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Spain sought to ease investors’ fears that it needed a full-scale international bailout of its economy by publishing two independent 'stress tests' on the 21 June 2012 showing that Spanish banks need between €16bn and €62bn in new capital.

The estimates of how much extra capital its banks might need fall well within the sum of up to €100bn that Spain requested for its financial system from its eurozone partners earlier in June 2012.

Related Links
ESO: Background information: Spain seeks eurozone bailout / Rajoy defends ‘victory’ for EU credibility / Doubt clouds robust Spain bailout
BBC News, 21.6.12: Spanish banks need up to 62bn euros
EL Pais, 21.6.12: Spain will need between 51 and 62 billion euros to bail out its banks
Banco de España (Bank of Spain): Press Room: Restructuring of the banking sector

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