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StephanieVanbryce

05/08/12 9:25 PM

#174958 RE: PegnVA #174954

Investors were also unnerved by talk of Spain having to rescue its third biggest bank, Bankia, because of toxic property loans. The Spanish prime minister, Mariano Rajoy, is said to have been reluctant to agree to the special EU summit in a fortnight because he feared it would end up being billed as a Spanish crisis meeting.

Spain was doing fine UNTIL the housing collapse ...