Europe’s to pump Eur 35 bln into Spain’s state bank rescue fund in return for jobs cuts at 4 nationalised banks , including Bankia, which will be transferred to the banks a fortnight after the money arrives in the restructuring fund on Dec 15 according to El Pais.
Lay offs are expected to include up to 6,000 from Bankia and 2,000 from Nova Galicia Bank
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