16 June, 2015 at 6:56 am in Business
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Click to enlargeSpain has been the most recent country in the spotlight due to the European debt crisis, leading to a bailout for its banks. However, in the last EU Summit, it was longchamp pas cherdecided that the loans provided to Spanish banks by the ESFS/ESM won't have seniority status to other creditors and the ESM will have in the future the possibility to recapitalize banks directly. This is good news for Spain and led to a huge fall in the yields of Spanish debt..yq0616