Luxembourg Prime Minister Jean-Claude Juncker, who chairs the group of euro-area finance ministers, said a solution to Spain’s banking crisis will have to be found quickly, Deutschlandradio said, citing an interview.
While Spanish banks are problematic, it doesn’t have a macroeconomic reason for seeking aid from the euro-area’s rescue fund, Juncker was quoted as saying in a summary of his comments e-mailed by the German broadcaster late yesterday. Spain’s situation isn’t comparable with that of Greece, which has a much broader range of financial issues, Juncker was quoted as saying.
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