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Demonstrators shout slogans during a protest this week against local government’s plans to cut spending on public health care in Madrid. Photograph: Susana Vera/Reuters

As Juana García withdraws money from an ATM in Madrid, she has conflicting feelings about the country’s banks. “They give the impression of being more(...)

Madrid has received €41 billion for its banks since requesting assistance last summer. Up to €100 billion was made available, although the government insists it will not need that amount. “On the basis of the review, it can be concluded that the programme remains on track,” said a European Commission statement. Photograph: Pablo Blazquez Dominguez/Getty Images

Spain’s banks have made substantial strides forward under the terms of a rescue loan for the financial system, European authorities reported yesterday(...)

Bankia, Spain’s fourth largest bank saw its shares plummet at the end of last week to 65 cents, having lost about 90 per cent of their value since the start of the year.

Spanish lender Bankia suffered another day of losses on the stock market yesterday as speculation mounted ahead of a capital expansion planned for tod(...)

IMF chief Christine Lagarde arrives for the second day of a hearing by French magistrates in Paris into  her role in a €285 million arbitration agreement with a supporter of former president Nicolas Sarkozy. Photograph:  Charles Platiau/Reuters.

International Monetary Fund managing director Christine Lagarde began testifying for a second day at a Paris court investigating her decision t(...)

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