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Spain to Release Bank Audit

Thu 21 Jun 12 | 02:15 AM ET
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Spain to Release Bank Audit

Thu 21 Jun 12 | 02:15 AM ET
"Reports are indicating that we could see a hole of about 70 billion, if we put this in perspective this would mean that to bail out its banks Spain would be spending close to eight percent of GDP, a lot, but it's not as alarming as it may seem," Gayle Allard, professor of managerial economics at IE Business School, told CNBC.

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