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Auditors say Spanish banks need $78bn

2012-08-17 4 Dailymotion

Spain's banks would need up to 78 billion dollars in capital to withstand a worst-case economic scenario, according to those hired to audit the struggling financial institutions. <br /><br />Some say Spain will officially request the money on Friday at a meeting of Europe's finance ministers. <br /><br />Al Jazeera's Tim Friend reports.

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