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June 12th, 2012 
FAKE NEWS for the Zionist agenda On Monday, the IMF said it saw “sizeable spillover and deleveraging risks for banks owing to the financial strains in the euro area, though direct exposures to periphery countries remain minimal”.
Finland has maintained its top AAA sovereign credit ratings through the bloc’s debt crisis, and while its prime minister has accepted a weekend rescue deal for Spanish banks, the country has generally taken a tough line on bailouts.
“Financial sector has remained generally sound despite the turbulence in the euro area, but vulnerabilities persist,” IMF said.
On Saturday, the eurozone ministers agreed to lend Madrid up to 100bn euros to help its banking sector hit by bad property loans.
Battered by the global financial downturn, the Spanish economy collapsed into recession in the second half of 2008, taking with it millions of jobs. In May, Spain fell back into recession.
The eurozone debt crisis began in Greece in late 2009 and infected Italy, Spain and France last year.
PG/JR
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