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

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.

ESO: Background information: Spain seeks eurozone bailout / Rajoy defends ‘victory’ for EU credibility / Doubt clouds robust Spain bailout http://www.europeansources.info/record/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 http://www.bbc.co.uk/news/business-18539620

EL Pais, 21.6.12: Spain will need between 51 and 62 billion euros to bail out its banks http://elpais.com/elpais/2012/06/21/inenglish/1340297053_123480.html

Banco de España (Bank of Spain): Press Room: Restructuring of the banking sector http://www.bde.es/webbde/en/secciones/prensa/info_interes/reestructuracion.html

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