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IMF: Spanish banks need $46 billion

Spain Bailout

Spain's banks need at least 40 billion euros (about $46 billion) in fresh capital to preserve the country's financial stability, the International Monetary Fund said Friday in an eagerly-awaited report.

 

IMF: No bailout plans for Spain in the works

The International Monetary Fund says it has not been asked by Spain for a bailout and has not begun preparing one.

 

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