Bloomberg News

Paramo Says Recapitalization to Boost Confidence in Spain Banks

October 31, 2011

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.”

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net


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