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Daily Digest: Spain’s creative bank-solution rejected by the ECB
Beyond Brussels 11 Months, 3 Weeks, 1 Day, 3 Hours, 20 Minutes ago
The European Central Bank seems to deny Spain’s plans for an injection of €19 billions in the troubled bank, Bankia. Spain had an idea that they could give the bank sovereign bonds that they then could swap to cash at the ECB’s three-mo...