The ECB Sends Out Rejection Of FT Report That It Has Blocked A Spanish Bank Recap

Controversy in the world of Spanish bank recapitalizations.

Yesterday the FT reported that the ECB had blocked a recap of the bank Bankia by the Spanish government.

And the ECB just tweeted out this rejection of the article.

The tweet says:

Contrary to media reports published today, the European Central Bank (ECB) has not been consulted and has not expressed a position on plans by the Spanish authorities to recapitalise a major Spanish bank. The ECB stands ready to give advice on the development of such plans.

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Photo: ECB

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