Spain, as you may have heard, does not have a lot going for it at the moment. Its bond yields have crossed 7 percent, unemployment is at something like 70 percent, and on Monday, it announced a rather poorly received bailout of the country's banks. Investors don't want to touch their financial institutions with a 100 foot pole. One bank that knows the rejection all too well? Banco Santander, probably on account of the open sores and the fact that it's a regular down at the free clinic. Today, though, that's about to change. Everyone's gonna want a piece of this.
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