Global Trade Alert
Global Trade Alert

Spain: Second Recapitalization of Banco CAM

Announcement

20 Jan 2012

In January 2012, the government of Spain announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

30 May 2012

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 20 January 2012, the Spanish authorities notified the EU about their intention to substantially amend the initial rescue plans for 'Caja de ahorros' (CAM). CAM is a Spanish savings bank that need...

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