Spanish banks

Fears over Spanish lenders have been alleviated, not removed
Oct 5th 2013 | MADRID | From the print edition
OVER a year has passed since the euro zone’s “men in black” descended on Madrid to extend
a loan to bail out the country’s troubled lenders. The ability to draw money from that pot
expires in January; the European Commission has said there is a good chance Spain won’t
need an extension. How much progress has really been made?