Fekter: “Spanish Banks Need € 60bn”

People ♦ Published: September 18, 2012; 22:49 ♦ (Vindobona)

According to Austria´s Minister of Finance Maria Fekter, the European Union focuses on Spain. A Greek exit would be no issue anymore.

Fekter: “Spanish Banks Need € 60bn” / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)

The exit of Greece was discussed many times, Fekter says in an interview with the Austrian newspaper “Standard”. But this scenario is no issue anymore. By contrast, the restructuring of the Spanish banking sector would be important now. Financial aids of € 100bn have been approved already. According to Fekter, the capital requirement of Spanish banks will amount to € 60bn.…