MARIANO RAJOY
Spain’s prime minister dismissed doubts over the current health of Spanish lenders, and argued that the country’s banks had already revealed the extent of their troubles in a “complete striptease” of the sector. “I am absolutely convinced that Spanish financial institutions will not require any more funds than were given already,” he told theFinancial Times.
Spain was forced to seek a bank bail-out of up to €100bn from the EU last June. A later audit revealed that the country’s lenders would need a combined capital injection of almost €60bn.
Mr Rajoy described a “need for growth” in the 17-nation bloc, and called for Germany and other creditor nations to lead the way. “Those who are able to implement growth policies should do it,” he said. Read more »
