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It has gone to foreign banks, they have said no, and now it is negotiating with Santander, BBVA and Caixabank The Government is encountering difficulties in obtaining the 18,000 million with which to provide liquidity to the Autonomous Rescue Fund. After the refusal to provide money by foreign banks, De Guindos negotiates 'in extremis' an urgent loan with Santander, BBVA and Caixabank. As El Confidencial Digital has learned from high-level financial sources, the Government is negotiating at full speed with the leaders of the three large Spanish banks (Santander, BBVA and Caixabank) for a loan of approximately 14,000 million with which to provide the Rescue Fund. Autonomous.
The Executive has urgently asked for help from the large Spanish financial groups to launch this mechanism, and thus be able to help, as soon as possible, communities in trouble such as Valencia, Catalonia, Murcia or Andalusia. Santander, BBVA and Caixabank demand guarantees According to the sources consulted, the Risk teams of the Middle East Mobile Number List country's main financial groups have demanded conditions and guarantees from the Ministry of Economy to ensure that they will end up collecting the almost 14,000 million euros that, with all certainty, they must allocate to the Autonomous Liquidity Fund . . The aid mechanism will be endowed with 18,000 million euros , of which 8,000 were expected to be contributed by Spanish financial entities. On the other hand, the Government committed another 4,000 million .
Finally, they also sought to raise 6,000 million more through State Lotteries and Betting thanks to foreign banks, although the latter have said 'no' to the Government , which has truncated their plans. Foreign banks have turned their backs on the Government The sources to which ECD has had access explain that foreign banks , from which the Executive expected around 6,000 million , have backed down. They fear that Moody 's will remove the Treasury's rating. The rating agency's decision is scheduled for this month of September, so a large part of the foreign banks prefers to wait for the report that could put Spain on a junk bond , but the Government cannot wait that long given the escalation of requests for help of the autonomies.The remaining entities intervened by the Bank of Spain, such as Novagalicia and Catalunya Caixa , will also have to carry out layoffs and considerably reduce their branch network in the coming months to qualify for aid from the European Union .
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