ECB rejects Madrid plan to boost Bankia

A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping the European Central Bank for cash, was bluntly rejected as unacceptable by the ECB, European officials said.

Source: http://edition.cnn.com/2012/05/29/business/spain-ecb-bankia/index.html?eref=edition

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