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U.S. welcomes Spain’s bank recapitalization action
US Treasury Secretary Timothy Geithner on Saturday said he welcomed Spain’s Spain’s appeal to the eurozone for a 100-billion-euro ($125 billion) lifeline for its banks. “We welcome Spain’s action to recapitalize its banking system and the commitment by its European partners to provide support,” Geithner said in a brief statement. “These are important for the…
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