Europe ratchets up grip on Madrid

The EU-IMF Troika in charge of Spain’s €60bn (£48bn) bank rescue is to demand much tougher action by the country’s authorities to clean up toxic debts, risking a clash that could deter Madrid from requesting a full sovereign bail-out. BNM Mare Nostrum, and other mid-tier “Group 2” banks such as P…

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Europe ratchets up grip on Madrid