Spain may recapitalize Bankia with government debt: source
Reuters - Sun May 27, 5:21 pm ETMADRID (Reuters) - Spain may recapitalize Bankia with Spanish government bonds in return for shares in the bank which last week asked for rescue funding of 19 billion euros ($24 billion), a government source said on Sunday. Bankia could use the sovereign paper as collateral to get cash from the European Central Bank, forcing the ECB to get involved with restructuring Spain's banking sector, laid ...









