The Spanish state bank rescue fund will receive a 35 billion euro boost from European authorities on December 15 in exchange for massive layoffs at the country four nationalised banks.<br /><br />Bankia is expected to shed 6,000 jobs, Novagalicia 2,000.<br /><br />One thousand branches look set to close.<br /><br />...<br />http://www.euronews.net/
