Eurozone periphery begins latest bank repairs

Madrid city council

Two of the eurozone countries with the most severely damaged banking sectors, Spain and Greece, have unveiled details of their latest efforts to restore stability to their financial systems.

Spain's ‘bad bank', the Fund for Orderly Bank Restructuring (Frob), said the final amount of capital to be injected into the country's weakest banks – BFA-Bankia, NCG Banco, Catalunya Banc and Banco de Valencia – will be €37 billion ($48.7 billion).

BFA-Bankia, which already received a €4.5 billion bridging

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