Spain's Treasury said Monday that the government's plan to shore up the banks with a loan of up to €100 billion ($125 billion) will reinforce the overall solvency of the debt markets in the country In a statement released via the Economics Ministry, the Treasury said it will continue to execute its funding program via its regular auction calendar
The Treasury said a "sound and duly capitalized banking system will reduce future contingent liabilities of the state and will therefore reinforce the sustainability of Spanish debt."
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