Spain bows to ‘bad bank’ idea – CNN.com


English: Flag of La Rioja (Spain), with coat o...

English: Flag of La Rioja (Spain), with coat of arms. Español: Bandera de La Rioja (España) con escudo (Photo credit: Wikipedia)

Spain bows to ‘bad bank’ idea – CNN.com.

Well, I suppose  it’s better late than never. This idea was first posted on my blog site back in May this year.

This move was inevitable and will assist in unhelpful short termism being removed from the banking sector in Spain. In itself it won’t reduce the debt but it will pass the liability on a few generations.

Common sense, don’t pass our debt without it.

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