Reuters: US Dollar Report: Spanish bank recap by euro zone bailout fund not this year-official

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Spanish bank recap by euro zone bailout fund not this year-official Oct 5th 2012, 09:21 BRUSSELS | Fri Oct 5, 2012 5:21am EDT BRUSSELS Oct 5 (Reuters) - - It is difficult to say when exactly direct recapitalisation of Spanish banks by the euro zone permanent bailout fund, the European Stability Mechanism (ESM), will be possible, but it will not be as soon as the start of next year, a senior euro zone official said on Friday.

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