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ECB’s Ordonez says Ecofin struggles for answers

  European finance ministers at the Ecofin meeting appear to have had little success finding solutions to the financial crisis gripping markets, European Central Bank Governing Council member Miguel Fernandez Ordonez said on Tuesday.


In a briefing to Spain’s lower house budget commission, Ordonez, who is also governor of the Bank of Spain, said he saw possible mergers in Spain’s banking system. (Reuters)