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Speech: Joaquín Almunia - The Economic and Monetary Union, the euro and the financial crisis

( October 22, 2012, 14:50 GMT | Official Statement) -- MLex Summary: Spanish banks that hope to raise extra capital on the markets could receive initial support through the European Union’s bailout fund in the form of convertible debt instruments, or Cocos, competition commissioner Joaquín Almunia has said. The Spanish financial system should be recapitalised by mid-2013m Almunia added....

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