YEREVAN, NOVEMBER 26,ARMENPRESS: Spanish Finance Minister Luis de Guindos revealed on Monday ahead of the Eurogroup summit that Spain would need 37 billion euros to recapitalize its nationalized banks, reports Armenpress referring to Itar-Tass.  

Bankia, Catalunya Caixa, Banco de Valencia and Novagalicia would be the recipients of EU funds. The Finance Minister added that further 3 billion euros would be used to cover the needs of other financial institutions such as Caja 3 y Caja España Duero as well as for the creation of the bad bank.

Luis de Guindos assured that no inconsistencies with the recapitalization plans as foreseen by the Memorandum of Understanding were envisioned.

As far as talks on Greece are concerned, Spanish Finance Minister expressed confidence that a final deal could be struck today. "It is crucial to reach agreement, it would be a message of confidence, not just for Greece, but for the whole euro zone" Luis de Guindos emphasized.