Spanish PM Mariano Rajoy says there are no plans afoot to create a "bad bank" to house poorly...

|By:, SA News Editor

Spanish PM Mariano Rajoy says there are no plans afoot to create a "bad bank" to house poorly performing assets, nor does he intend to raise VAT. Rajoy believes Spain's welfare state is out of danger, "but to maintain it we need money, economic growth and employment."