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    Spain's Bankia reports massive loss

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    euronews (in English)

    by euronews (in English)

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    Nationalised Spanish lender Bankia has announced losses of 4.45 billion euros between January and June. That was worse than its total for the whole of 2011.

    Immediately afterwards Spain's national bank-rescue fund said it will inject emergency cash into Bankia to keep it solvent. It did not say how much.

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    http://www.euronews.net/