Spanish savers offered haircut then money back

FT article reported that the Spanish government was in talks with the European Commission in August 2012 to allow tens of thousands of retail clients who bought risky savings products from now nationalised banks to avoid losing their investments as part of Spain’s bank bailout.

ESO: Background information: Bank bailout fails to ease Spain concern http://www.europeansources.info/record/bank-bailout-fails-to-ease-spain-concern/

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