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European Union regulators cleared on Monday a six-month extension to Spain's support scheme for its banks, saying it complied with EU state aid rules.
"The (European) Commission has authorised a six-month prolongation of the Spanish guarantee scheme for credit institutions until June 2011," the EU executive said in a statement.
"The Commission found the prolongation of the measures to be in line with its Communication on state aid to overcome the financial crisis."
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