Bloomberg News

ECB’s Constancio Says Spanish Aid Request for Banks ‘Is Awaited’

June 08, 2012

European Central Bank Vice President Vitor Constancio said a request for Spain to provide aid for the recapitalization of the country’s banks “is awaited.”

“The problems of Spanish banks are being analyzed by European authorities,” Constancio told reporters in Lisbon today. “It’s awaited that Spain formulates an aid request, exclusively directed at the recapitalization of banks.”

“Everything is possible,” Constancio said when asked if an aid request could be made tomorrow. “Discussions have been taking place. It’s up to the Spanish government to take a decision. A quick decision is expected, I don’t know if it will be tomorrow.”

“Not everything has to be concluded immediately, as long as there is an expression of a will for there to be a specific program for Spanish banks, which I hope will happen with some rapidity,” he said.

To contact the reporter on this story: Joao Lima in Lisbon at jlima1@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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