Aznar Says Spanish Banks Need More Capital, Confidencial Reports

Spain’s financial system needs more capital, according to Jose Maria Aznar, the former Spanish prime minister, El Confidencial reported.

“The system needs more capital and without it, it won’t be able to emerge from the brutal crisis it finds itself in,” El Confidencial cited Aznar as saying during a speech in New Jersey.

-- Editor: Alan Purkiss

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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