Tres o cuatro bancos españoles pidieron créditos similares a Northern Rock

Four Spanish banks, said Applegarth, had secured an emergency repo facility very similar to Northern Rock’s from the ECB two days ago

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Three Spanish banks had availed themselves of a similar facility with the European Central Bank over the past week, he said, and nobody had batted an eyelid. His difficulty, he insisted, was a temporary problem of liquidity. There was no question of Northern Rock going bust.

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