Incoming Spanish PM Mariano Rajoy is considering a massive plan to create a "bad bank" on which...

|By:, SA News Editor

Incoming Spanish PM Mariano Rajoy is considering a massive plan to create a "bad bank" on which the nation's lenders could unload their €176B of impaired real estate assets. Further, he may borrow funds from the EFSF to aid bank recapitalizations. It's a quick turnabout from campaign promises not to give the banks a "single cent."