Spanish banks need 60 billion euros to shore up the banking system. At least Santander is ok with a 19 billion euros cushion.
http://www.telegraph.co.uk/finance/financialcrisis/9574631/Spanish-banks-need-60bn-independent-auditors-say.html
http://www.telegraph.co.uk/finance/financialcrisis/9574714/Spanish-banks-need-60bn-European-reaction.html
BUT see:
http://www.telegraph.co.uk/finance/financialcrisis/9579870/Spanish-banks-will-need-up-to-105bn-warns-Moodys.html
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