Draghi on Spanish Banks

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Draghi’s Wink to Spanish Banks

MADRID | By Francisco López | The situation of the Spanish banking sector is still a recurrent topic in official EU meetings, especially now that we’re a little more than one month of knowing if an extension of the financial assistance program is required. ECB’s Chairman believes that Spanish banks will meet the stress tests in 2014, which seems to remove the possibility of a new aid injection. “Everything seems to suggest that Spain will approach this exercise well-equipped, but of course it is very difficult to guess what will happen with individual banks,” Draghi pointed out.