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8 Holes in the Spanish Bailout

From forexcrunch.com

In an emergency conference during the weekend, the EU decided on granting Spain up to 100 billion euros for its banks. After long weeks of uncertainty, this move will definitely cheer up markets. However, looking at the details or the lack of them, shows that the gloom could return within days. Here are 8 holes in the Spanish bailout decision. Final sum unknown: The statement regarding the Spanish bailout stated the round number of €100 billion, but the final sum depends on the a final assessment due only around June 21st. This is higher than the early estimates of 50-80 billion. So, is the higher sum supposed to ... (full story)

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