Spain's 4th largest lender - Bankia - is set to be partially nationalized after the market closes today, according to a published report. The government will inject €4.465B into the bank, giving it about a 45% share. This action has been tipped for a number of days, but one wonders if it isn't the first in a string of bailouts. And the government is getting this money from where?
Spain's 4th largest lender - Bankia - is set to be partially nationalized after the market...
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