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In an attempt to soothe markets, the government has said it will approve a reform enabling banks to transfer problem loans to separate agencies.
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In an attempt to soothe markets, the government has said it will approve a reform enabling banks to transfer problem loans to separate agencies.
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In an attempt to soothe markets, the government has said it will approve a reform enabling banks to transfer problem loans to separate agencies.
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In an attempt to soothe markets, the government has said it will approve a reform enabling banks to transfer problem loans to separate agencies.
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But it has said this will be done without using state money.
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What we want is to fix the real price of homes (held by the banks) even if everyone loses money, the developers as well as the banks, and that we put them on sale, Rajoy said this week.
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What we want is to fix the real price of homes (held by the banks) even if everyone loses money, the developers as well as the banks, and that we put them on sale, Rajoy said this week.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The second plank of the reform will be a requirement that banks boost a financial cushion against the threat of losses in their property assets, the Economy Ministry has said.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The thousands of Russians who rallied in Moscow and St. Petersburg faced off with police and Interior Ministry troops, who detained hundreds of protesters, including journalists.
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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The Russian Union of Journalists on Wednesday condemned police violence and called for a probe into the dozens of attacks and arrests of journalists, describing them as "an attempt to gag and intimidate society."
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More opposition rallies were expected Wednesday, along with a pro-Putin gathering in central Moscow that had attracted a few hundred people so far.
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More opposition rallies were expected Wednesday, along with a pro-Putin gathering in central Moscow that had attracted a few hundred people so far.
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More opposition rallies were expected Wednesday, along with a pro-Putin gathering in central Moscow that had attracted a few hundred people so far.
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More opposition rallies were expected Wednesday, along with a pro-Putin gathering in central Moscow that had attracted a few hundred people so far.
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More opposition rallies were expected Wednesday, along with a pro-Putin gathering in central Moscow that had attracted a few hundred people so far.
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More opposition rallies were expected Wednesday, along with a pro-Putin gathering in central Moscow that had attracted a few hundred people so far.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Sunday's parliamentary vote suggested Russians are tiring of Putin and his United Russia party, which has strongly overshadowed all other political forces in Russia for the past dozen years and earned a reputation for corruption.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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Preliminary results indicate the party won less than 50 per cent of votes, a steep fall from its earlier majority.
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The immediate market reaction to Friday's government announcements was negative.
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The immediate market reaction to Friday's government announcements was negative.
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The immediate market reaction to Friday's government announcements was negative.
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The immediate market reaction to Friday's government announcements was negative.
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The immediate market reaction to Friday's government announcements was negative.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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But later the gap between yields on Spanish and German benchmark government bonds - a measure of how risky investors judge lending to Spain to be - narrowed somewhat to 450 basis points and Spanish bluechip shares moderated their fall to 0.76 percent.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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Banks have until the end of the year to move their holdings of repossessed property into asset management firms for a fire sale, Economy Minister Luis de Guindos told a news conference.
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The state will put less than 15 billion euros into the latest of the four separate bank rescues that Spain has enacted over the past three years, de Guindos estimated.
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The state will put less than 15 billion euros into the latest of the four separate bank rescues that Spain has enacted over the past three years, de Guindos estimated.
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The state will put less than 15 billion euros into the latest of the four separate bank rescues that Spain has enacted over the past three years, de Guindos estimated.
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The state will put less than 15 billion euros into the latest of the four separate bank rescues that Spain has enacted over the past three years, de Guindos estimated.
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