By 9 July, the date of the next Eurogroup. It will be these the times to have a credible estimate on the "order of magnitude" of the aid to the banks that Spain intends to ask from the European Union, as reported by Fernando Jimenez Latorre, undersecretary of state for the Economy.
The request for aid formalized today by Madrid, and without a precise amount, was welcomed by the European Commission, which, by mouth by Vice President Olli Rehn, has estimated the time needed to reach an agreement in a few weeks, and that it has already set its technicians are at work to arrive at a joint assessment of needs and conditions.
Le first estimates on Spanish requests, carried out by two consultancy firms, “are a good starting point” e they quantified the necessary figure between 52 and 62 billion euros for a recapitalization of Spanish banks. A previous estimate by the Eurogroup, on the other hand, spoke of a figure close to 100 billion, including a safety margin.
