Latest update: 17/05/2012 

- banking - government - Reform - Spain


Take four: Madrid makes fourth attempt in as many months to shore up banks

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The Spanish government has announced yet another reform of its banking sector, the fourth in as many months. This latest effort is an attempt to finally shore up losses and protect the banking system from future risks. In the future, banks will be made to keep a total of 84 billion euros in reserve under measures that are costing Madrid another four billion euros - to add to the 15 billion they have already spent trying to do the same thing.

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