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May 30th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: Eurozone crisis: Spanish fears send euro near to two-year low against dollar nbsp
Spanish savings banks agree merger as debt crisis bites
BBC – Three Spanish savings banks – Ibercaja, Liberbank and Caja3 – have approved a merger to strengthen their weakened balance sheets. The merged bank would create the country’s seventh biggest lender, with 120bn euros (£96bn; $151bn) in assets. Spain’s government has asked its banks to set aside nearly 84bn euros to cover bad debts. The merger comes after Bankia, itself made from a merger of banks, needed another bailout. Read Article
Tags: banks, debt wealth, Europe, financial system
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