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Country Corner with Mike Gardiner

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Spanish Banks Close To Bailout Deal – Reports

European officials are considering a bailout programme for Spain to prop up its struggling banks.

However, the Financial Times reports this morning there will be limited conditions unlike the earlier bailouts of Ireland, Greece and Portugal.

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The proposed Spanish rescue would require few austerity measures in order to make the government more willing to accept the international assistance.

The close monitoring that Ireland and others are subject to could also be dispensed with.

Meanwhile, British Prime Minister David Cameron is due to hold talks in Berlin with Angela Merkel today.

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