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Spain did not consult ECB on Bankia plan: Economy Ministry


    MADRID (Reuters) - Spain did not consult the European Central Bank on its plans to recapitalize nationalized lender Bankia and will likely tap the markets to inject new funds in the bank, an Economy Ministry spokeswoman said on Wednesday.

    "Spain did not formulate any proposal to the ECB on funding the Bankia plan, so it was difficult for it to have an opinion," the spokeswoman told Reuters.

    "The Economy Ministry maintains as a first option to go to the markets to recapitalize the entity."

    (Reporting by Julien Toyer and Carlos Ruano)