Spain seeks first rescue payment | Bangkok Post: business

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Spain seeks first rescue payment

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Spain's government said on Friday it would soon request a first payment for its deeply troubled banks from an emergency eurozone rescue line. 

"It is being worked on," she said, declining however to specify the timing or exact amount of the request.

The money was being sought for crisis-torn Spanish banks that have already been nationalised, she said: Bankia, Catalunya Caixa, NovaGalicia Banco and Banco de Valencia.

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