Spain's bailed-out banks to slash size by 60 pct

Associated Press
Spain's bailed-out banks to slash size by 60 pct

European Commissioner for Competition Joaquin Almunia addresses the media at the European Commission headquarters in Brussels, Wednesday, Nov. 28, 2012. The European Commission approved the restructuring plans of Spanish banks BFA/Bankia, NCG Banco, Catalunya Banc and Banco de Valencia. (AP Photo/Yves Logghe)

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