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IPFS News Link • Economy - International

Madrid Leans on Its Troubled Banks to Buy Its Bonds

• New York Times
While the Spanish government was able to sell all the bonds it wanted to on Thursday, it mostly sold to the usual buyers: Spain’s increasingly fragile banks. 
 
And so, as Madrid tries to come up with the money to bail out its banks, its main lenders are increasingly becoming many of those same institutions. 

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