Analysis: ECB lending revamp risks more pain in Spain

by admin on July 31, 2013

By Paul Carrel and Sakari Suoninen FRANKFURT (Reuters) – Spanish banks risk their troubles being compounded by a jump in the cost of lifeblood funding from the European Central Bank. A one-notch downgrade by a single credit rating agency is all that stands between them and a financial blow that would pressure the ECB to act, but probably not with its OMT bond-buy plan. Lenders in Italy and …

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