Spanish banks need 40 billion euros to recapitalize

According to the International Monetary Fund (IMF), the Spanish banks need to restructure a loan of € 40 billion, with which they can emerge from the crisis, "even in the worst case." IMF experts believe that the "buffer amount ', designed to convince investors the ability to withstand the risks of the Spanish economy should be one and a half - two times higher than their assessment of the so-called" stability to the financial turmoil. "Although Spain did not officially sought help from the EU or the IMF, European officials have expressed the view that the country itself with the recapitalization of banks will fail. For this assistance Spain would have to impose additional cost-saving measures in addition to those reforms that have already been agreed with the EU.