Spain is forced to immediately inject capital into Bankia after the failed lender reported an H1...

|By:, SA News Editor

Spain is forced to immediately inject capital into Bankia after the failed lender reported an H1 loss of €4.5B amidst rising bad loans (to 11% from 7.63%!) and private sector deposits falling €12.8B to €109B. Why Spanish and not EU funds? Spain does not want to force losses on junior bondholders while the EU is in favor of burden sharing.