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Frobbing headache

16 July 2010 By Fiona Maharg-Bravo

The bailout fund may be called on to inject a total of 30 bln euros into Spain’s banks as a result of imminent stress tests. But the FROB has so far raised just 12 bln euros and savings banks have already asked for 11 bln. It should issue debt while markets are forgiving.

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