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Spain wins time from EU on bank liquidity support

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Spain on Wednesday won time to negotiate the terms of European aid for its banks and gained approval for a state liquidity guarantee of 19 billion euros for Bankia

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Spain on Wednesday won time to negotiate the terms of European aid for its banks and gained approval for a state liquidity guarantee of 19 billion euros for Bankia, the country's biggest problem lender. Spain has been seeking a temporary mechanism to fund four nationalized banks that urgently need money

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