The European Commission published an update on Spain's compliance with the conditionality of the Financial Assistance Programme for the Recapitalisation of Financial Institutions Programme since the submission of the First Review report in mid-November 2012. This report is necessary for the release of the funds needed for the recapitalisation of Group 2 banks prior to the next formal second review, to be issued only after a joint European Commission/European Central Bank mission that will take place in Madrid in late January 2013.
|ISBN 978-92-79-28345-1 (online)|
Occasional Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and cover a wide spectrum of subjects. Views expressed in unofficial documents do not necessarily reflect the official views of the European Commission.