ECB denies it rejected Spanish recapitalisation plan

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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

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