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Reuters alone with Spain’s PM take on banking mergers

Reuters alone with Spain’s PM take on banking mergers

Reuters Madrid was almost two hours faster than Dow Jones and unmatched by Bloomberg with the first admission by the Spanish government that the financial crisis would trigger bank mergers. Prime Minister Jose Luis Rodriguez Zapatero made the announcement in parliament during a speech not monitored by competing international news agencies. The prime minister’s statement was front page news in Spanish newspapers the following day and the subject of a big story in the Financial Times.

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