Paramo Says Recapitalization to Boost Confidence in Spain Banks

Oct. 31 (Bloomberg) -- ECB Executive Board member Jose Manuel Gonzalez-Paramo said new capital requirements set by the European Banking Authority will bolster confidence in Spanish lenders.

“There are still pressures from the real-estate sector,” he said in an interview with Cadena Ser today. “And with this new recapitalization, it’s very probable that Spanish banks will be cleared of suspicion.”

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