Spain To Vote On Bad Bank

The Spanish government is set to approve the creation of a bad bank to hold toxic assets on Aug. 24, according to Luis de Guindos, the country’s finance minister.

  • 06 Aug 2012

The Spanish government is set to approve the creation of a bad bank to hold toxic assets on Aug. 24, according to Luis de Guindos, the country’s finance minister. Spanish banks’ toxic assets are believed to total EUR 200 billion ($248.4 billion).

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