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Spain won’t create ‘bad bank’ for real estate: De Guindos

Posted on 23 April 2012

Spanish Economy Minister Luis de Guindos rejected the creation of a state-sponsored “bad bank” to unload real-estate assets from the nation’s cash-strapped lenders.
Instead, de Guindos said lenders should move real estate assets into separate “entities” or create “securitized assets” for which they have already set aside provisions so that distressed properties can be more easily valued and sold………………………………………..Full Article: Source


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