ECB denies it rejected Spanish recapitalisation plan


The European Central Bank (ECB) today (May 30) released a brief statement denying claims made in press reports about a consultation process said to have happened between the ECB and Spanish authorities.

The articles said the ECB had rejected the authorities' plans to recapitalise one of the largest banks in Spain, Bankia. The supposed plan involved injecting sovereign debt into the bank's parent company that could then be used as collateral to borrow from the ECB.

Today, the ECB said it had neit

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: