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EU denies Spanish liquidity plan report

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EU denies Spanish liquidity plan report

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The European Commission has categorically denied a report that the European Union, the IMF and the US Treasury were drawing up a liquidity plan for Spain.

A Commission spokesman called the report “very bizarre” and added: “I can firmly deny it.”

The report knocked down the value of euro and shares in Madrid also slumped despite the denial from Brussels and the Spanish government saying there was no truth in the story.