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Spain and EU agree on 'bad bank' framework

30.08.12 @ 09:10

  1. By EUOBSERVER

Spain's economy minister Luis de Guindos on Wednesday said Madrid and EU officials have agreed on the framework to create a 'bad bank' that will hold toxic assets, reports Reuters. Spain intends to approve the bad bank's regulatory framework on Friday. Creating the bank was a precondition for EU aid.

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