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Spain bank recapitalisation insufficient: Moody's
A planned recapitalisation of struggling Spanish banks will help shore up confidence but the amount in rescue funds sought by Madrid is not enough to keep the banks stable in stress situations, Moody's said Monday. "Recapitalisation will materially enhance the solvency of affected institutions and help restore market confidence in Spain's banking system as a whole," said the ratings agency. "However, the recapitalisation amounts published by Spain are below what we estimate are needed for Spanish banks to maintain stability in our adverse and highly adverse scenarios," added Moody's. The agency believes that the ... (full story)
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