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Mañana, mañana

3 September 2012 By George Hay, Christine Murray

The Spanish bank is being bailed out after losing 4.4 bln euros in the first half of 2012. Yet Madrid is recapitalising Bankia itself instead of using euro zone cash. EU political maneuvering may explain why. But it could also be an attempt to avoid hitting Bankia’s creditors.

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