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Spain will probably tap less than 40 billion of aid from the euro zone's rescue fund to help recapitalise its banks, Deputy Economy Minister Miguel Temboury said on Monday.
Spain has agreed a credit line that could provide up to 100 billion in euro zone rescue funds for its banks.
"It seems likely that we need less than 40 billion," Temboury told a conference in Brussels, although he declined to give more details.
It may need only 40bn to recapitalise the banks but it will need 300bn to recapitalise the economy !