Saturday, 25 August 2012 18:14

Spain delays 'bad bank' legislation required for bailout

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Spain, forced to create a “bad bank” fund that would group it’s financial sector’s massive losses, has postponed legislation compiling its liabilities until the next Cabinet meeting on Aug. 31. The European Commission requested Spain to delay the legislation so that financial experts from Brussels would have time to review the project, according to a Boston.com report.

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