Spain says stricken banks need up to 62 billion euros
- Published: 21 Jun 2012 at 18.48
- Online news: World
Spain said Thursday its crisis-torn banks need up to 62 billion euros ($78 billion) to survive a severe financial slump, far less than the maximum foreseen in a eurozone rescue deal.
Spain announced Thursday its crisis-torn banks need up to 62 billion euros ($78 billion) to survive a severe financial slump, far less than the maximum foreseen in a eurozone rescue deal.
Prime Minister Mariano Rajoy, speaking in Brazil, welcomed the result of bank audits and stressed that the European funds were needed "as soon as possible".
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