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Spain's Banks Are Making a Big Effort to Adapt: Banco Sabadell CEO

11:30 AM ET Wed, 25 July 2012

Josep Oliu, CEO of Spain's Banco Sabadell, told CNBC, "I think the Spanish government and the Spanish banking system is making a big effort to adapt and I think there are ways in which this can be helped and this is restoring the cost of funding for the sovereign debt in a way that could be more efficient than a bailout."