Spain govt may take stakes in savings banks-Salgado

Mon Jun 15, 2009 11:11pm IST

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SANTANDER, June 15 (Reuters) - Spanish Economy Minister Elena Salgado on Monday said a 99 billion euro ($137.4 billion) bank rescue fund would allow the government to take stakes in ailing savings banks.

"The fund will allow the State to temporarily buy holdings with voting rights," she told a banking conference in the northern town of Santander. (Reporting by Jesus Aguado; Editing by Jonathan Gleave and Martin Roberts)

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