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Your 70-Second Guide To The Spanish Bank Bailout

Spain is dominating headlines today, as European finance ministers schedule meetings for this weekend aimed at containing the euro crisis contagion that has seeped into the Spanish banking sector.

While it is difficult to ascertain exactly how much funding stress Spanish banks are facing right now, it is clear that they will need money to clean up their balance sheets—money that the Spanish government will have a hard time providing.

Here’s our guide to the latest in the drama over Spain:

 

Produced by Robert Libetti

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