Finance Minister Elena Salgado said on Wednesday that Spain's debt-laden financial system is more sound than before, expressing confidence ahead of a new round of European bank stress tests.
European Union financial chiefs, prompted by Ireland's banking catastrophe, promised Tuesday they would soon launch new, more stringent tests across the bloc to check bank liquidity levels.
Spain's banks, weighed down by loans that turned sour after the collapse of a housing bubble, are a particular concern.
For more: Spain confident ahead of banks stress test
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