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Spain Needs Liquidity Injection From ECB, Minister Tells ABC

Spanish Deputy Minister for European Affairs Inigo Mendez de Vigo said countries including Spain need a liquidity injection from the European Central Bank, according to an interview in ABC.

The government’s last overhaul of the banking industry, which increased provisions for losses, may not have been sufficient as some banks weren’t able to make those provisions, Mendez de Vigo told the newspaper.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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