FIGHTING CONTAGION

SPAIN’S SUPPORT FOR ITS LENDERS BENEFITS BANKS ELSEWHERE IN EUROPE THAT OWN THEIR BONDS.

ILLUSTRATION BY REMIE GEOFFROI; GETTY IMAGES (FLAG)

HOLDINGS OF SPANISH BANK DEBT

GERMAN BANKS €53 BILLION

FRENCH BANKS €23 BILLION

U.K. BANKS €13 BILLION

Source: Bank for International Settlements

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