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"The Spanish government states its intention to request European financing for the recapitalization of banks that need it," Spanish Economy Minister Luis de Guindos said at a press conference on Saturday.
Pedro Armestre/AFP/Getty Images
June 9, 2012 Spanish and euro zone officials announced their intentions after a three-hour emergency conference call on Saturday. If they make good on it, Spain will be the fourth – and largest — member of the 17-nation euro zone to receive outside help as Europe's debt crisis marches on.
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