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Morici: EU Bailout Won't Fix Spanish Banks
By: CNBC.com News
Posted on June 11, 2012 at 09:40 AM EDT
Spain has asked the EU for Euro125 billion in aid to bail out its banks. European leaders say this amount well exceeds what is needed, but they are miscalculating. As with Greece, the aid package is likely too little to permanently quell investor fears that Spain's banks will collapse, and conditions imposed by Germany could make Spain's situation worse.
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