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Spain says prepared to guarantee savings

Mon Oct 6, 2008 7:13am EDT

MADRID, Oct 6 (Reuters) - Spain is prepared to unilaterally guarantee bank deposits if European Union leaders fail to come up with a common plan on shoring up the banking system, Economy Minister Pedro Solbes said on Monday.

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"If there isn't (an EU agreement) .... we will consider our position and if we have to take a decision we will do so," Solbes said, asked about whether Spain would guarantee deposits. (Reporting by Andrew Hay; writing by Ben Harding)



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